New Mexico Statutes

§ 72-19-45 — Issuance of temporary bonds

New Mexico·Ch. 72 Water Law·Art. 19 Southern Sandoval County Flood Control
The authority is authorized to issue temporary bonds, pending preparation of definitive bond or bonds and exchangeable for the definitive bond or bonds when prepared, as the board may determine. Each temporary bond shall set forth substantially the same conditions, terms and provisions as the definitive bond for which it is exchanged. Each holder of any such temporary security shall have all the rights and remedies which he would have as a holder of the definitive bond or bonds.

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New Mexico § 72-19-45 (Issuance of temporary bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Laws 1990, ch. 14, § 45.

Nearby Sections

15
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