State Codes and Statutes

Statutes > New-mexico > Chapter-19 > Article-4 > Section-19-4-20

19-4-20. Disposition of proceeds.

The proceeds received from the sale shall be disposed of as follows:   

A.     first, to pay the expenses of the sale;   

B.     second, to discharge any outstanding claims incurred in entering the townsite of the town; and   

C.     third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.   

State Codes and Statutes

Statutes > New-mexico > Chapter-19 > Article-4 > Section-19-4-20

19-4-20. Disposition of proceeds.

The proceeds received from the sale shall be disposed of as follows:   

A.     first, to pay the expenses of the sale;   

B.     second, to discharge any outstanding claims incurred in entering the townsite of the town; and   

C.     third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-19 > Article-4 > Section-19-4-20

19-4-20. Disposition of proceeds.

The proceeds received from the sale shall be disposed of as follows:   

A.     first, to pay the expenses of the sale;   

B.     second, to discharge any outstanding claims incurred in entering the townsite of the town; and   

C.     third, the surplus, if any, shall be retained by the town trustees to be used for making improvements within the townsite for public purposes.