New Mexico § 19-4-26 - Reports of expenses

§ 19-4-26. Reports of expenses

Within ninety days from the first publication of the notice mentioned in Section 19-4-9 NMSA 1978 , the corporate authorities or probate judge holding the title to the lands described

in such notice, shall make a true, full and complete statement in writing, containing

a true account of all moneys paid by him or them, expended in the acquisition of the

title and execution of the trust to that time, including all moneys paid by him or

them for the purchase of said lands, necessary traveling expenses, moneys paid for

all other necessary and proper expenses incident to such trust and a true account

of his or their reasonable charges for time and services employed in the business

of such trust to that time, and all moneys by him or them expended, and reasonable

charges for compensation, as aforesaid, which shall be and remain a first charge upon

said lands in favor of the trustee, and paid by the several claimants entitled to

such lands, in proportion to the several quantities thereof to which they may be respectively

entitled.