No impairment of obligation of contract.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Severance Tax Bonding Act
  5. No impairment of obligation of contract.

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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.

History: 1953 Comp., § 72-18-49, enacted by Laws 1961, ch. 5, § 25.

ANNOTATIONS

Emergency clauses. — Laws 1961, ch. 5, § 28 contained an emergency clause and was approved February 17, 1961.


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