New Mexico Statutes
§ 72-18-54 — Limitations upon payment of securities
The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the district, except for revenues, tax proceeds and other money pledged for the payment of securities. Subject to those exceptions, no property of the district shall be liable to be forfeited or taken in payment of the securities.
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New Mexico § 72-18-54 (Limitations upon payment of securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1981, ch. 377, § 54.
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