New Mexico Statutes 73-12-31. Boundaries may be changed, but such change shall not affect obligations incurred
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The boundaries of any irrigation district now or hereafter organized under the provisions of this act N.M. Stat. Ann. § 73-12-1 to 73-12-57, may be changed in the manner herein prescribed; but such change of the boundaries of the district shall not impair or affect its organization, or its rights in or to property or any of its rights or privileges of whatsoever kind or nature, nor shall it affect, impair or discharge any contract, obligation, lien or charge for or upon which it or the owner of lands therein were or might become liable or chargeable had such change of its boundaries not been made.
Terms Used In New Mexico Statutes 73-12-31
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.