State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-6 > Article-15 > Section-6-15-15

6-15-15. Exchange for bonds to be refunded; sales.

All such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which said refunding bonds were issued.