New Mexico Statutes
§ 72-17-75 — Validity unaffected by use of proceeds
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 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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New Mexico § 72-17-75 (Validity unaffected by use of proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 75-38-75, enacted by Laws 1967, ch. 156, § 75.
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[Traveler's use of water.]