New Mexico Statutes
§ 3-31-7 — Revenue bonds; mortgaging water utility property
New Mexico § 3-31-7
This text of New Mexico § 3-31-7 (Revenue bonds; mortgaging water utility property) 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. § 3-31-7 (2026).
Text
If revenue bonds are issued for the acquisition or improvement, betterment or extension of a municipal water utility, the municipality may further assure payment of the revenue bonds by mortgaging and conveying the water utility to a trustee for the benefit and security of the bondholders.
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Legislative History
1953 Comp., § 14-30-7, enacted by Laws 1965, ch. 300.
Nearby Sections
15
§ 3-1-1
Municipalities; short title§ 3-1-2
Definitions§ 3-1-6
Final day to act§ 3-10-4
Repealed§ 3-10-5
Repealed§ 3-10-8
Officers; delivery of records§ 3-11-1
ApplicabilityCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 3-31-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/3/3-31-7.