2018 New Mexico Statutes
Chapter 4 - Counties
Article 13 - Lea County
Section 4-13-3 - Courthouse and jail bonds.]
The county of Lea may issue bonds for courthouse and jail purposes to an amount not exceeding thirty thousand dollars [($30,000)], which bonds shall be issued in the manner as provided by the constitution of New Mexico, payable absolutely thirty years from their date and at the option of said county, twenty years from their date.
History: Laws 1917, ch. 23, § 17; C.S. 1929, § 33-1217; 1941 Comp., § 15-1204; 1953 Comp., § 15-13-4.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — This section may be inoperative. See State ex rel. Perea v. Bd. of Comm'rs, 25 N.M. 338, 182 P. 865 (1919), which held that a similar provision applying to De Baca county was inoperative because it provided that the bonds might be issued in accordance with the constitution, but did not state that they could be issued in accordance with the laws of the state.
Cross references. — For bonds for courthouses, jails, bridges, hospitals and libraries, see 4-49-1 NMSA 1978 et seq.
For state, county and municipal indebtedness, see N.M. Const., art. IX, § 1 et seq.
