New Mexico Statutes
§ 3-52-10 — Additional security
New Mexico § 3-52-10
This text of New Mexico § 3-52-10 (Additional security) 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. § 3-52-10 (2026).
Text
To further the marketability of bonds, the ordinance authorizing their issue may: A. secure their payment by deed of trust or mortgage conveying municipally owned land and improvements acquired for the public transit facility from the proceeds of the bonds to a trustee for the benefit and security of the bondholders; and B. authorize any other security agreement not in conflict with law.
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Legislative History
1953 Comp., § 14-53-10, 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Repealed§ 3-10-5
Repealed§ 3-10-8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 § 3-52-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/3/3-52-10.