§ 72-17-40 NMSA 1978

Forms of borrowing

Known as the Las Cruces Arroyo Flood Control Act

The act spans §§ 72–72 (103 sections).

1953 Comp., § 75-38-40, enacted by Laws 1967, ch. 156, § 40.

Upon the conditions and under the circumstances set forth in this act [Chapter 72, Article 17 NMSA 1978], the authority, to carry out the purposes hereof, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine, and issue the following securities to evidence such borrowing:

A. notes;

B. warrants;

C. bonds;

D. temporary bonds; and

E. interim debentures.

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.