Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 23 - Public Utilities, 3-23-1 through 3-23-10. > Section 3-23-9 - Municipal utility; levy and collection of taxes not terminated by receivership.

Section 3-23-9 - Municipal utility; levy and collection of taxes not terminated by receivership.

3-23-9. Municipal utility; levy and collection of taxes not terminated by receivership.

The appointment of a receiver as authorized in Section 3-23-7 NMSA 1978, does not release the municipality from its obligation to levy and collect the taxes provided by the terms of bonds or the law governing their issue.