Any irrigation district is authorized to create out of its general funds a fund to pension old or incapacitated employees, to make reasonable reservations out of wages and salaries of employees for creation, augmentation or support of such a fund and to provide out of its general fund or any other fund created for such purpose, the premiums for group insurance or for employers' liability insurance now required by the laws of New Mexico or which hereafter may be required by said laws.
§ 73-10-47 NMSA 1978
[Employees' pensions; group insurance; employers' liability insurance.]
Laws 1931, ch. 78, § 2; 1941 Comp., § 77-2245; 1953 Comp., § 75-23-45.
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.