New Mexico Statutes
§ 73-16-41 — [Guaranty fund established in districts of 50,000 acres or
more.] That conservancy districts heretofore or hereafter organized under the Conservancy Act of New Mexico [73-14-3 NMSA 1978], be and they hereby are authorized and directed, in addition to the separate funds now provided for, to establish in the manner hereinafter set forth a "guaranty fund" for the purpose of guaranteeing the prompt payment of the principal of and the interest upon all conservancy bonds heretofore issued or hereafter to be issued as the same may severally mature.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 73-16-41 ([Guaranty fund established in districts of 50,000 acres or) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1931, ch. 50, § 1; 1941 Comp., § 77-2940; 1953 Comp., § 75-30-40.
Nearby Sections
15
§ 73-1-1
[Purpose of districts.]§ 73-1-15
[District court procedure; notice.]