The county treasurer of the county in which is located the office of any such district, shall be and is hereby constituted ex-officio district treasurer of such district, and such county treasurer shall be liable upon his official bond, and to indictment and criminal prosecution for malfeasance, or misfeasance or failure to perform any duty herein prescribed as county treasurer or district treasurer as is provided by law in other cases as county treasurer. Such treasurer shall receive and receipt for all monies belonging to the district. It shall be the duty of the county treasurer of each county in which any drainage district is located in whole or in part, to collect and receipt for all taxes levied as herein provided, in the same manner and at the same time as is required in the receipt for and collection of taxes upon real estate for county purposes. The county treasurer of each county wherein shall be situate a portion of any such drainage district, other than the county treasurer of the county in which the office of such district is located, on the first Monday of each month shall remit to the aforesaid district treasurer all monies theretofore collected or received by him on account of such district. Every county treasurer shall keep a bond fund account and a United States contract fund account, and also a general fund account. The bond fund account shall consist of all monies received on account of interest or principal of bonds issued by such district, interest and principal to be separately entered; the United States contract fund account shall consist of all monies received to meet payments due or to become due to the United States under any contract between the district and the United States; the general fund account shall consist of all other monies received.

The district treasurer aforesaid shall pay out of such bond fund account, when due, the interest and principal of the bonds of the district at the time and place specified in such bonds; he shall also pay out of the contract fund account all payments due to the United States under any contract between the district and the United States at the time, place and in the manner provided for in such contracts. Funds arising from assessment and levy in any year and accruing to the bond fund account and the aforesaid contract fund account, shall respectively be devoted to the obligations of the district payable from such funds in the order of the priority of the creation of the obligations.

Such district treasurer shall disburse funds from the aforesaid general fund account only upon order signed as herein provided.

On the 15th day of each month the district treasurer shall report to the board of directors of the district the amount of money in his hands to the credit of the aforesaid respective funds. All such district taxes collected and paid to the county treasurer as aforesaid shall be received by such treasurers in their official capacity, and they shall be responsible for the safekeeping, disbursement and payment thereof, the same as for other monies collected by them as such treasurers. Provided, no such county treasurer shall receive any commission or extra compensation for the collection of such district taxes, nor shall such district treasurer receive any extra compensation for the discharge of his duties as such, but shall be allowed the sum of not to exceed twenty-five dollars [($25.00)] per month for extra clerical assistance which may be required on account of such additional duties.

History: Laws 1917, ch. 22, § 29; C.S. 1929, § 40-229; 1941 Comp., § 77-2029; 1953 Comp., § 75-21-29.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross references. — For administration and enforcement of taxes, see 7-38-1 to 7-38-93 NMSA 1978.