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2017 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 4 - Playgrounds and Recreational Equipment
Section 5-4-8 - Power to issue bonds.
Universal Citation: NM Stat § 5-4-8 (2017)
5-4-8. Power to issue bonds.
The governing body of any municipality is hereby authorized to issue and dispose of negotiable bonds thereof, subject to the limitation and in accordance with Article IX of the constitution, for the purpose of securing funds for the acquisition of lands or buildings for playgrounds, recreation centers, zoos and other recreational purposes and the equipment thereof, to the extent and in accordance with the provisions of Sections 14-40-16 through 14-40-21 NMSA 1953 [repealed].
History: 1941 Comp., 71-1008, enacted by Laws 1945, ch. 67, 8; 1953 Comp., 6-4-8; Laws 1963, ch. 53, 5.
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