2016 New Mexico Statutes
Chapter 16 - Parks, Recreation and Fairs
Article 6 - State and County Fairs
Section 16-6-19 - Validity of bonds.
16-6-19. Validity of bonds.
The bonds bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor any or all the persons whose signatures appear thereon shall have ceased to be commissioners. The validity of the bond shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire the project financed by the bonds or taken in connection therewith.
History: Laws 1935, ch. 69, 7; 1941 Comp., 48-2118; 1953 Comp., 45-20-18.
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