New Mexico Statutes

§ 3-30-5 — General obligation bonds; authority to issue

New Mexico·Ch. 3 Municipalities·Art. 30 Municipal Debt; Voting on Question
Subject to the limitations and in accordance with Article 9 of the constitution of New Mexico and Sections 6-15-1 and 6-15-2 NMSA 1978, a municipality may issue and dispose of negotiable bonds for the purpose of securing funds for: A. erecting and operating natural or artificial gas works; B. erecting and operating electric works; C. constructing, purchasing, rehabilitating or remodeling, or any combination thereof, public buildings, including additions and improvements thereto; D. building, beautifying and improving public parks within or without the municipal boundary, but not beyond the planning and platting jurisdiction of the municipality; E. acquiring land or buildings for playgrounds, recreation centers, zoos and other recreational purposes, and the equipment thereof, or any combina

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Legislative History

1953 Comp., § 14-29-5, enacted by Laws 1973, ch. 395, § 2.

Nearby Sections

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