New Mexico § 49-9-11 - Attorney's fees; method of payment

§ 49-9-11. Attorney's fees; method of payment

It is hereby made the duty of the mayor and city clerk to ascertain the amount of

indebtedness outstanding on account of attorney's fees for services rendered in behalf

of securing title to the land grant of such city and certify such indebtedness to

the city treasurer, who shall register the same in his books, giving the description

and form of such indebtedness; if in bonds, the number, the amount, rate of interest,

when due and date of issue. The mayor and city clerk shall endorse on such evidences of indebtedness issued

in payment of attorney's fees, hereinbefore mentioned, the following: “The within evidence of indebtedness has been issued in payment of attorney's fees

for services rendered in behalf of securing title for land grants for the city of

Socorro.” Such evidence of indebtedness shall constitute a preference claim against the said

city and a lien upon its lands and the city treasurer is hereby required upon presentation

of such evidence of indebtedness so certified in whatever form the same may be, to

pay the interest or principal when due out of any moneys on hand, except the water

interest funds, and said city is hereby authorized to sell any portion of its lands

and apply the proceeds thereof to the payment of the indebtedness hereinbefore mentioned.