New Mexico Statutes
§ 72-16-75 — Validity unaffected by use of proceeds
New Mexico § 72-16-75
This text of New Mexico § 72-16-75 (Validity unaffected by use of proceeds) 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. § 72-16-75 (2026).
Text
The validity of said securities shall not be dependent on nor affected by the validity or regularity of any proceedings relating to the acquisition or improvement and equipment of the project or the proper competion [completion] of any project for which the securities are issued. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the authority or any of its officers, agents and employees.
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Legislative History
1953 Comp., § 75-36-75, enacted by Laws 1963, ch. 311, § 75.
Nearby Sections
15
§ 72-1-1
Natural waters; public§ 72-1-12
Indian water rights settlement fund§ 72-1-2.5
Pecos river basin land management fund§ 72-1-6
[Traveler's use of water.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 72-16-75, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-16-75.