New Mexico § 5-3-3 [Auditorium revenue bonds; mortgage or lien to secure

New Mexico Statutes

§ 5-3-3 — [Auditorium revenue bonds; mortgage or lien to secure

New Mexico § 5-3-3

Ch. 5Municipalities and Counties

Art. 3Auditoriums

This text of New Mexico § 5-3-3 ([Auditorium revenue bonds; mortgage or lien to secure) 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. § 5-3-3 (2026).

Text

payment.] Whenever it shall be declared necessary by the governing body, by ordinance duly adopted, as hereinafter provided, municipalities are hereby authorized to make and issue revenue bonds, payable solely out of the net income to be derived from the operation of an auditorium, and to pledge irrevocably, such income to the payment thereof, and to execute a mortgage or other lien upon the auditorium premises to secure the payment of said bonds.

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payment.] Whenever it shall be declared necessary by the governing body, by ordinance duly adopted, as hereinafter provided, municipalities are hereby authorized to make and issue revenue bonds, payable solely out of the net income to be derived from the operation of an auditorium, and to pledge irrevocably, such income to the payment thereof, and to execute a mortgage or other lien upon the auditorium premises to secure the payment of said bonds.