Under the Institution Bond Act, outstanding bonds of more than one issue may be retired and refunded by bonds of one issue. Bonds for refunding and bonds for any other purposes authorized by the Institution Bond Act may be issued separately or in combination in one series or more.
§ 6-13-24 NMSA 1978
Refunding; bonds retired
Known as the Institution Bond Act
The act spans §§ 6–6 (26 sections).
1953 Comp., § 11-9-24, enacted by Laws 1963, ch. 298, § 12.
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.