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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 5: Municipalities and Counties
Article 7: Fire District Bonds, 5-7-1 through 5-7-7
Section 5-7-6: Ordinance authorizing fire district bonds; two-thirds majority required.
Universal Citation:
NM Stat § 5-7-6 (1996 through 1st Sess 50th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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5-7-6. Ordinance authorizing fire district bonds; two-thirds majority required.
A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [5-7-3 NMSA 1978] of the Fire District Bond Act, the governing body may adopt an ordinance that:
(1) declares the necessity for issuing fire district bonds;
(2) authorizes the issuance of fire district bonds by an affirmative vote of two-thirds of all the members of the governing body; and
(3) designates the source of the pledged revenues.
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