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2015 New Mexico Statutes
Chapter 72 - Water Law
Section 17 Las Cruces Metropolitan Arroyo Flood Control
Section 72-17-52 Payment recital in securities.

NM Stat § 72-17-52 (2015) What's This?

72-17-52. Payment recital in securities.

Each security issued hereunder shall recite in substance that the security and the interest thereon are payable solely from the revenues or other moneys pledged to the payment thereof. Securities specifically pledging the full faith and credit of the authority for their payment shall so state.

History: 1953 Comp., 75-38-52, enacted by Laws 1967, ch. 156, 52.

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