NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-27-25
No impairment of obligation of contract
Official textnmonesource.comlast amended
Nothing in this Severance Tax Bonding Act shall be construed as impairing or authorizing the impairment of the contract between the state and the holders of the outstanding Building and Institution Severance Tax Bonds, Series July 1, 1955.
Amendment history
1953 Comp., § 72-18-49, enacted by Laws 1961, ch. 5, § 25.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 7-27-12 · When severance tax bonds to be issued
- 7-27-12.1 · 7-27-12.1
- 7-27-12.2 · 7-27-12.2
- 7-27-12.3 · 7-27-12.3
- 7-27-12.4 · 7-27-12.4
- 7-27-12.5 · 7-27-12.5
- 7-27-12.6 · 7-27-12.6
- 7-27-12.7 · 7-27-12.7
- 7-27-13 · Reserved
- 7-27-14 · Amount of tax; security for bonds
- 7-27-15 · Majority approval necessary for board action
- 7-27-16 · Form of bonds
- 7-27-17 · Execution of bonds
- 7-27-18 · Procedure for sale of bonds
- 7-27-19 · 7-27-19
- 7-27-20 · Expenses paid from severance tax bonding fund
- 7-27-21 · Treasurer to make bond payments and keep records
- 7-27-22 · 7-27-22
- 7-27-23 · Suit may be brought to compel performance of officers
- 7-27-24 · Bonds tax free
- 7-27-25 · No impairment of obligation of contract
- 7-27-26 · Severance tax bonding fund continued
- 7-27-27 · Purpose and intent
- 7-27-28 · Repealed
- 7-27-29 · Repealed
- 7-27-30 · Repealed
- 7-27-31 · Severance tax income bond retirement fund created
- 7-27-32 · Severance tax income bond retirement fund pledged
- 7-27-33 · Repealed
- 7-27-34 · Repealed
- 7-27-35 · Repealed
- 7-27-36 · Repealed
- 7-27-37 · Repealed
- 7-27-38 · Repealed
- 7-27-39 · Repealed
- 7-27-40 · Repealed
- 7-27-41 · Repealed
- 7-27-42 · Severance tax income bonds; legal investments
- 7-27-43 · 7-27-43
- 7-27-44 · Treasurer to make bond payments and keep records