2011 New Mexico Statutes
Chapter 72: Water Law
Article 18: Flood Control Districts, 72-18-1 through 72-18-70
Section 72-18-44: Forms of borrowing.
72-18-44. Forms of borrowing.
Upon the conditions and circumstances set forth in the Flood Control District Act [72-18-1 to 72-18-70 NMSA 1978], any district from time to time may borrow money to defray the cost of acquiring, improving or equipping any project, or any part thereof, as the board may determine, and issue the following securities to evidence such borrowing:
A. notes;
B. warrants;
C. bonds; and
D. interim debentures.
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