There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 6: Public Finances
Article 21: Finance Authority, 6-21-1 through 6-21-31
Section 6-21-1: Short title.
Universal Citation:
NM Stat § 6-21-1 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
6-21-10. Purchases in name of authority; documentation.
A. All tangible and intangible property, real and personal property and securities purchased, held or owned at any time by the authority shall at all times be purchased and held in the name of the authority or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority.
B. All securities purchased at any time by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel and certification and guarantee of signatures and disclosure of any pending litigation.
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