New Mexico § 49-6-12 - Bonds and securities; custody by county treasurer; collection of principal and interest
Full text of New Mexico New Mexico Statutes Annotated § 49-6-12 — Bonds and securities; custody by county treasurer; collection of principal and interest, with citation guidance and answers to common questions.
§ 49-6-12. Bonds and securities; custody by county treasurer; collection of principal and interest
The bonds and securities in which said funds are from time to time invested shall
be forthwith deposited with the treasurer of San Miguel county, New Mexico; and it
is made the duty of said treasurer to receive and have the custody of such bonds and
securities, to collect and pay the same over to the treasurer of said board of trustees,
the principal thereof at maturity, to be reinvested and forthwith to pay the same
over to the treasurer of the board of trustees of the town of Las Vegas administering
the Las Vegas grant to be by said board reinvested in other bonds or securities chosen
and approved by said board and court; and it shall also be the duty of the said treasurer
of said county to collect the interest on all such bonds and securities and to place
the same or such portion thereof as may be determined by such board and court as hereinafter
provided, to the credit of the several school districts within the Las Vegas grant
in proportion to the number of children of school age within said districts respectively.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 49-6-12
What does New Mexico Statutes Annotated § 49-6-12 cover?
Section 49-6-12 ("Bonds and securities; custody by county treasurer; collection of principal and interest") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 49-6-12?
A common citation format is "New Mexico Statutes Annotated § 49-6-12" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 49-6-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.