Bonds issued under the provisions of this act [ 21-11-15, 21-11-16, 21-11-18 to 21-11-26 NMSA 1978] shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.
§ 21-11-26 NMSA 1978
[Bonds exempt from taxation.]
1941 Comp., § 55-2624, enacted by Laws 1947, ch. 119, § 12; 1953 Comp., § 73-27-26.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.