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§ 5-7-6 NMSA 1978

Ordinance authorizing fire district bonds; two-thirds majority required

Known as the Fire District Bond Act

The act spans §§ 5–5 (7 sections).

Laws 1983, ch. 162, § 6.

A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [ 5-7-3 NMSA 1978] of the Fire District Bond Act, the governing body may adopt an ordinance that:

(1) declares the necessity for issuing fire district bonds;

(2) authorizes the issuance of fire district bonds by an affirmative vote of two-thirds of all the members of the governing body; and

(3) designates the source of the pledged revenues.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.