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2017 New Mexico Statutes
Chapter 73 - Special Districts
Article 8 - Drainage Districts Within Federal Reclamation Projects
Section 73-8-34 - Incurrence of unauthorized debt prohibited.
Universal Citation: NM Stat § 73-8-34 (2017)
73-8-34. [Incurrence of unauthorized debt prohibited.]
The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 through 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.
History: Laws 1917, ch. 22, 34; C.S. 1929, 40-234; 1941 Comp., 77-2034; 1953 Comp., 75-21-34.
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