2015 New Mexico Statutes
Chapter 72 - Water Law
Section 16 Albuquerque Metropolitan Arroyo Flood Control
Section 72-16-51 Ranking among securities of same issue.
72-16-51. Ranking among securities of same issue.
All securities of the same issue or series shall be equally and ratably secured without priority by reason of number, date of maturity, date of securities, of sale, of execution, or of delivery, by a lien on said revenues in accordance with the provisions of this act [72-16-1 through 72-16-103 NMSA 1978] and the resolution authorizing, or other instrument appertaining to, said securities, except to the extent such resolution or other instrument shall otherwise expressly provide.
History: 1953 Comp., 75-36-51, enacted by Laws 1963, ch. 311, 51.
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