2011 New Mexico Statutes
Chapter 72: Water Law
Article 17: Las Cruces Metropolitan Arroyo Flood Control, 72-17-1 through 72-17-103
Section 72-17-48: Additionally secured securities.
72-17-48. Additionally secured securities.
The board, in connection with such additionally secured securities, in the resolution authorizing their issuance or other instrument appertaining thereto, may pledge all or a portion of such revenues, subject to any prior pledges, as additional security for such payment of said securities, and at its option may deposit such revenues in a fund created to pay the securities or created to secure additionally their payment.
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