For the purpose of erecting, altering, improving, furnishing or equipping any necessary buildings at the New Mexico school of mines [New Mexico institute of mining and technology], or for acquiring any necessary land for the use of said school [institute], or both, or for the purpose of acquiring lands and buildings for use as a branch of said school [institute], or for the purpose of retiring the whole or any part of any series of bonds previously issued, the board of regents of the New Mexico school of mines [institute] is hereby authorized to borrow money in conformity with the terms of this act [21-11-15, 21-11-16, 21-8-18 to 21-11-26 NMSA 1978].
History: 1941 Comp., § 55-2613, enacted by Laws 1947, ch. 119, § 1; 1953 Comp., § 73-27-15.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
N.M. Const., art. XII, § 11, as repealed and reenacted November 8, 1960, changed the name of the New Mexico school of mines to the New Mexico institute of mining and technology. See 21-11-2 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35.
14A C.J.S. Colleges and Universities § 17.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 11 - New Mexico Institute of Mining and Technology
Section 21-11-1 - Object; curriculum.
Section 21-11-3 - [New diplomas for qualified graduates.]
Section 21-11-4 - [Operations vested in board of regents; corporate powers; quorum.]
Section 21-11-5 - [Officers of board of regents; bond of secretary-treasurer.]
Section 21-11-6 - [Powers and duties of president of board of regents; president pro tem.]
Section 21-11-7 - [Duties of secretary-treasurer of board of regents.]
Section 21-11-8 - Powers and duties of board of regents.
Section 21-11-8.2 - Geophysical research center.
Section 21-11-8.3 - Energetic materials research and testing center established; function of center.
Section 21-11-8.4 - National cave and karst research institute created; purpose.
Section 21-11-8.6 - Technology research collaborative created; purpose.
Section 21-11-9 - [Departmental faculties.]
Section 21-11-10 - [Conferring degrees; granting diplomas.]
Section 21-11-11 - [Removal of officers, faculty members and employees.]
Section 21-11-12 - [Charges for assays and other services; disposition of amounts collected.]
Section 21-11-13 - [Designated the state's school of mines.]
Section 21-11-14 - [Preparatory department to be maintained.]
Section 21-11-15 - [Authority to borrow money; purposes.]
Section 21-11-16 - [Authority to issue and retire building and improvement bonds.]
Section 21-11-17 - Form and conditions of bonds.
Section 21-11-18 - [Sale of bonds; publication of notice; bids.]
Section 21-11-19 - [Permanent improvement and interest and retirement funds.]
Section 21-11-20 - [Interest and retirement fund established.]
Section 21-11-21 - [Pledge of income to retirement of bonds and payment of interest.]
Section 21-11-22 - [Forwarding of funds for payment of bonds and interest coupons.]
Section 21-11-23 - [Use of funds restricted to designated purposes.]
Section 21-11-25 - [Bonds designated serially.]