New Mexico § 63-2-6 [Power to borrow, purchase and mortgage.]

New Mexico Statutes

§ 63-2-6 — [Power to borrow, purchase and mortgage.]

New Mexico § 63-2-6

Ch. 63Railroads and Communications

Art. 2Powers and Construction of Roads

This text of New Mexico § 63-2-6 ([Power to borrow, purchase and mortgage.]) 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. § 63-2-6 (2026).

Text

Any railroad company heretofore or hereafter organized under the laws of New Mexico, shall have power to borrow money and purchase property, real and personal, for the use of the corporation, and to mortgage and pledge all or any part of its corporate franchises and property in possession or subsequently to be acquired, as security for the payment of the money so borrowed and for the payment of the purchase money for the property so purchased.

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Any railroad company heretofore or hereafter organized under the laws of New Mexico, shall have power to borrow money and purchase property, real and personal, for the use of the corporation, and to mortgage and pledge all or any part of its corporate franchises and property in possession or subsequently to be acquired, as security for the payment of the money so borrowed and for the payment of the purchase money for the property so purchased.