Water revenue bonds issued under the provisions of this 1959 act [ 72-4-2 to 72-4-12 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state.
§ 72-4-9 NMSA 1978
[Water revenue bonds shall be legal investments.]
1953 Comp., § 75-4-1.8, enacted by Laws 1959, ch. 286, § 8.
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.