The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [ 73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.
§ 73-8-34 NMSA 1978
[Incurrence of unauthorized debt prohibited.]
Laws 1917, ch. 22, § 34; C.S. 1929, § 40-234; 1941 Comp., § 77-2034; 1953 Comp., § 75-21-34.
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.