N.M. Const. art. IX, § 1
- Constitution
- Constitution of New Mexico
- Text as of
- October 2026
What does this section say?
[Debts of territory and its counties assumed.] The state hereby assumes the debts and liabilities of the territory of New Mexico, and the debts of the counties thereof, which were valid and subsisting on June twentieth, nineteen hundred and ten, and pledges its faith and credit for the payment thereof. The legislature shall, at its first session, provide for the payment or refunding thereof by the issue and sale of bonds, or otherwise.
The text is copied from the official source: www.sos.nm.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.