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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 30: Municipal Debt; Voting on Question, 3-30-1 through 3-30-9
Section 3-30-7: Canvass of bond election; certification of results; effect.
Universal Citation:
NM Stat § 3-30-7 (1996 through 1st Sess 50th Legis)
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3-30-7. Canvass of bond election; certification of results; effect.
A. The vote upon each question proposing to issue negotiable bonds shall be canvassed as provided in the Municipal Election Code [Chapter 3, Articles 8 and 9 NMSA 1978], and the municipal clerk shall certify the results of the election and file the certificate of canvass in the official minute book of the municipality.
B. If a majority of those voting on the question favor the creation of the debt, the governing body of the municipality may proceed to issue the negotiable bonds.
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