New Mexico Statutes
§ 5-5-7 — Borrowing money and securities evidencing loans
Any county and city shall each have the power, separately and severably from time to time to borrow money and issue the following securities to evidence such loans, to finance in whole or in part the cost of any project or any part thereof: short-term notes; general obligation bonds, maturing serially is [in] not to exceed thirty years from the date thereof; and revenue bonds, maturing serially is [in] not to exceed forty years from the date thereof.
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New Mexico § 5-5-7 (Borrowing money and securities evidencing loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 6-9-7, enacted by Laws 1959, ch. 300, § 7.
Nearby Sections
15
§ 5-10-1
Short title§ 5-10-12
Plan and project termination§ 5-10-13
Limitations§ 5-10-14
Local Economic Development Act fund§ 5-10-2
Findings and purpose of act§ 5-10-3
Definitions