New Mexico § 49-6-9 [Lease, sale or mortgage of land.]

New Mexico Statutes

§ 49-6-9 — [Lease, sale or mortgage of land.]

New Mexico § 49-6-9

Ch. 49Land Grants

Art. 6Las Vegas Grant

This text of New Mexico § 49-6-9 ([Lease, sale or mortgage of land.]) 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. § 49-6-9 (2026).

Text

Such board of trustees shall have the power, under the direction of said court, to lease, sell or mortgage any part or parts of said tract of land, for such price and upon such terms or conditions as may by said court and said board be deemed advisable and use the proceeds thereof for such purposes as said board and court may deem to be for the best interests of the community for the benefit of which said grant was made.

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Such board of trustees shall have the power, under the direction of said court, to lease, sell or mortgage any part or parts of said tract of land, for such price and upon such terms or conditions as may by said court and said board be deemed advisable and use the proceeds thereof for such purposes as said board and court may deem to be for the best interests of the community for the benefit of which said grant was made.