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2011 New Mexico Statutes
Chapter 49: Land Grants
Article 6: Las Vegas Grant, 49-6-1 through 49-6-14
Section 49-6-9: Lease, sale or mortgage of land.

Universal Citation:
NM Stat § 49-6-9 (1996 through 1st Sess 50th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

49-6-9. [Lease, sale or mortgage of land.]

Such board of trustees shall have the power, under the direction of said court, to lease, sell or mortgage any part or parts of said tract of land, for such price and upon such terms or conditions as may by said court and said board be deemed advisable and use the proceeds thereof for such purposes as said board and court may deem to be for the best interests of the community for the benefit of which said grant was made.

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