Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 49 - Bonds for Courthouses, Jails, Bridges, Hospitals and Libraries, 4-49-1 through 4-49-21. > Section 4-49-18 - Taxes to be paid in cash; use for specified purpose.

Section 4-49-18 - Taxes to be paid in cash; use for specified purpose.

4-49-18. [Taxes to be paid in cash; use for specified purpose.]

All taxes for interest on and for the redemption of such bonds shall be paid only in cash, and shall be kept by the county treasurer as a special fund, to be used for the payment of interest on and for the redemption of such bonds only.