New Mexico § 73-7-39 [Authority to refund indebtedness of any kind; borrowing

New Mexico Statutes

§ 73-7-39 — [Authority to refund indebtedness of any kind; borrowing

New Mexico § 73-7-39

Ch. 73Special Districts

Art. 7Drainage Districts; Construction, Operation and

This text of New Mexico § 73-7-39 ([Authority to refund indebtedness of any kind; borrowing) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 73-7-39 (2026).

Text

money; issuance of new bonds and notes.] Drainage districts organized under the provisions of Sections 73-6-1 to 73-6-44, 73- 7-1 to 73-7-24, 73-7-37, 73-7-38 and 73-7-40 to 73-7-56 NMSA 1978 may refund all outstanding indebtedness whether evidenced by notes, bonds, coupons, judgments or other evidences of indebtedness in the manner provided by Section 73-7-38 NMSA 1978 of said statutes, and for such purpose may borrow the money necessary from any person or corporation willing to advance the same, or from the reconstruction finance corporation, or under the National Industrial Recovery Act [repealed] or any agency authorized by acts of congress to loan money for such purpose, and may issue new notes or bonds to evidence such indebtedness.

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money; issuance of new bonds and notes.] Drainage districts organized under the provisions of Sections 73-6-1 to 73-6-44, 73- 7-1 to 73-7-24, 73-7-37, 73-7-38 and 73-7-40 to 73-7-56 NMSA 1978 may refund all outstanding indebtedness whether evidenced by notes, bonds, coupons, judgments or other evidences of indebtedness in the manner provided by Section 73-7-38 NMSA 1978 of said statutes, and for such purpose may borrow the money necessary from any person or corporation willing to advance the same, or from the reconstruction finance corporation, or under the National Industrial Recovery Act [repealed] or any agency authorized by acts of congress to loan money for such purpose, and may issue new notes or bonds to evidence such indebtedness.