New Mexico Statutes

§ 72-17-52 — Payment recital in securities

New Mexico·Ch. 72 Water Law·Art. 17 Las Cruces Metropolitan Arroyo Flood Control
Each security issued hereunder shall recite in substance that the security and the interest thereon are payable solely from the revenues or other moneys pledged to the payment thereof. Securities specifically pledging the full faith and credit of the authority for their payment shall so state.

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Legislative History

1953 Comp., § 75-38-52, enacted by Laws 1967, ch. 156, § 52.

Nearby Sections

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