2011 New Mexico Statutes
Chapter 6: Public Finances
Article 12: State Indebtedness, 6-12-1 through 6-12-15
Section 6-12-1: Borrowing or investing permanent funds to pay interest on state bonds.
6-12-10. [Validity.]
The said bonds signed, countersigned, endorsed and sealed as provided in this act [6-12-6 to 6-12-14 NMSA 1978], and coupons thereto attached, when sold, shall constitute a valid and binding obligation upon the state of New Mexico, although the sale thereof be made at a date or dates after the persons so signing, countersigning and endorsing same shall have ceased to be the incumbents of their respective offices.
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