There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 73: Special Districts
Article 9: Irrigation Districts, 73-9-1 through 73-9-62
Section 73-9-34: Statutory authorization required for debts and liabilities.
Universal Citation:
NM Stat § 73-9-34 (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
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73-9-34. [Statutory authorization required for debts and liabilities.]
The board of directors, or other officers of the district, shall have no power to incur any debt or liability whatever, either by issuing bonds or otherwise, in excess of the express provisions of this act, and any debt or liability incurred in excess of such express provisions shall be and remain absolutely void.
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