New Mexico Constitution Article IX § 3 – State refunding bonds for assumed debts
The bonds authorized by law to provide for the payment of such indebtedness shall be issued in three series, as follows:
Terms Used In New Mexico Constitution Article IX § 3 - State refunding bonds for assumed debts
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Series A. To provide for the payment of such debts and liabilities of the territory of New Mexico.
Series B. To provide for the payment of such debts of said counties.
Series C. To provide for the payment of the bonds and accrued interest thereon of Grant and Santa Fe counties which were validated, approved and confirmed by act of congress, January sixteenth, eighteen hundred and ninety-seven.