New Mexico § 3-30-7 Canvass of bond election; certification of results; effect

New Mexico Statutes

§ 3-30-7 — Canvass of bond election; certification of results; effect

New Mexico § 3-30-7

Ch. 3Municipalities

Art. 30Municipal Debt; Voting on Question

This text of New Mexico § 3-30-7 (Canvass of bond election; certification of results; effect) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 3-30-7 (2026).

Text

A.The vote upon each question proposing to issue negotiable bonds shall be canvassed as provided in the Local Election Act [Chapter 1, Article 22 NMSA 1978], and the municipal clerk shall file the certificate of canvass in the official minute book of the municipality.

B.If a majority of those voting on the question favors the creation of the debt, the governing body of the municipality may proceed to issue the negotiable bonds.

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A. The vote upon each question proposing to issue negotiable bonds shall be canvassed as provided in the Local Election Act [Chapter 1, Article 22 NMSA 1978], and the municipal clerk shall file the certificate of canvass in the official minute book of the municipality. B. If a majority of those voting on the question favors the creation of the debt, the governing body of the municipality may proceed to issue the negotiable bonds.