New Mexico § 6-25A-6 Purchases in name of the authority; documentation

New Mexico Statutes

§ 6-25A-6 — Purchases in name of the authority; documentation

New Mexico·Ch. 6 Public Finances·Art. 25A New Mexico Exposition Center Authority

A.All tangible and intangible property, real and personal property and securities purchased, held or owned by the authority shall be purchased and held in the name of the authority, or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority.

B.All securities purchased by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel, certification and guarantee of signatures and certification as to no litigation pending as of the date of delivery of the securities challenging the validity or issuance of such securities.

Free access — add to your briefcase to read the full text and ask questions with AI

A. All tangible and intangible property, real and personal property and securities purchased, held or owned by the authority shall be purchased and held in the name of the authority, or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority. B. All securities purchased by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel, certification and guarantee of signatures and certification as to no litigation pending as of the date of delivery of the securities challenging the validity or issuance of such securities.

New Mexico § 6-25A-6 (Purchases in name of the authority; documentation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.