# N.M. Stat. § 49-9-9: Disposition of proceeds of land sales

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-9

## Section

- **Citation:** N.M. Stat. § 49-9-9
- **Heading:** Disposition of proceeds of land sales
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 49 / Article 9 / Section 49-9-9

## Text

All proceeds realized on the sale of said lands so made as aforesaid shall be appropriated to pay off the bonded indebtedness of the city of Socorro or for public improvements within the limits of said grant as may be determined by the city council of said city.

## Nearby sections

- [N.M. Stat. § 49-9-1 § 49-9-1. Trustees of grant; applicants for deeds; city of Socorro](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-1.md)
- [N.M. Stat. § 49-9-2 § 49-9-2. Persons entitled to deed; refusal to grant; appeal to district court](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-2.md)
- [N.M. Stat. § 49-9-3 § 49-9-3. Application for deed; fee; survey of land; investigation; execution of deed](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-3.md)
- [N.M. Stat. § 49-9-4 § 49-9-4. Notice of application; publication; protest; time limit on application](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-4.md)
- [N.M. Stat. § 49-9-5 § 49-9-5. Protests; institution of suit; adjustment of controversy](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-5.md)
- [N.M. Stat. § 49-9-6 § 49-9-6. Issuance or refusal to issue deeds; contesting right of possession](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-6.md)
- [N.M. Stat. § 49-9-7 § 49-9-7. Distribution of fees](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-7.md)
- [N.M. Stat. § 49-9-8 § 49-9-8. Disposition of lands; ground rent; deeds; appraisal](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-8.md)
- [N.M. Stat. § 49-9-9 § 49-9-9. Disposition of proceeds of land sales](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-9.md)
- [N.M. Stat. § 49-9-10 § 49-9-10. Ordinances for enforcement of act](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-10.md)
- [N.M. Stat. § 49-9-11 § 49-9-11. Attorney's fees; method of payment](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-11.md)
- [N.M. Stat. § 49-9-12 § 49-9-12. Application of article](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A9_S49-9-9. Check the current official text before relying on it. Not legal advice.