New Mexico § 5-7-6 Ordinance authorizing fire district bonds; two-thirds majority

New Mexico Statutes

§ 5-7-6 — Ordinance authorizing fire district bonds; two-thirds majority

New Mexico·Ch. 5 Municipalities and Counties·Art. 7 Fire District Bonds

required. A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [5-7-3 NMSA 1978] of the Fire District Bond Act, the governing body may adopt an ordinance that:

(1)declares the necessity for issuing fire district bonds;

(2)authorizes the issuance of fire district bonds by an affirmative vote of two- thirds of all the members of the governing body; and (3) designates the source of the pledged revenues.

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required. A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [5-7-3 NMSA 1978] of the Fire District Bond Act, the governing body may adopt an ordinance that: (1) declares the necessity for issuing fire district bonds; (2) authorizes the issuance of fire district bonds by an affirmative vote of two- thirds of all the members of the governing body; and (3) designates the source of the pledged revenues.

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