There Is a Newer Version
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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 5: Municipalities and Counties
Article 3: Auditoriums, 5-3-1 through 5-3-15
Section 5-3-5: Issuance of bonds; execution.
Universal Citation:
NM Stat § 5-3-5 (1996 through 1st Sess 50th Legis)
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5-3-5. [Issuance of bonds; execution.]
Governing bodies of municipalities issuing bonds under the provisions of this act [5-3-1 to 5-3-8 NMSA 1978], may authorize the issuance thereof by ordinance adopted by the affirmative vote of two-thirds of all the members of said governing bodies, at either regular or special meeting called for that purpose, wherein the necessity thereof shall be declared and, when issued, shall be signed by the mayor or other executive head and attested by the clerk of said governing body, with the seal of said municipality affixed thereto.
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