2014 New Mexico Statutes
Chapter 22 - Public Schools
Section 18 General Obligation Bonds of School Districts
Section 22-18-11 General obligation bonds; issuance; sale.
22-18-11. General obligation bonds; issuance; sale.
A. General obligation bonds of a school district shall be issued and sold pursuant to the provisions of Sections 6-15-3 through 6-15-10 NMSA 1978.
B. Except as is otherwise provided by law, general obligation bonds issued by a school district shall be of the denomination or denominations, shall be payable at the place or places within or without the state or both, shall be in such form and shall bear such terms and conditions as the local school board of the school district determines.
C. General obligation bonds issued by a school district shall be signed by the president and attested by the secretary of the local school board, unless the bonds are issued in book entry or similar form without the delivery of physical securities. Any coupons appertaining to the bonds shall be signed by the president of the local school board either manually or by facsimile signature.
D. The general obligation bonds issued by a school district may be executed in the manner provided by the provisions of the Uniform Facsimile Signature of Public Officials Act [6-9-1 through 6-9-6 NMSA 1978].
History: 1953 Comp., 77-15-11, enacted by Laws 1967, ch. 16, 238; 1983, ch. 265, 47.
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