Bonds issued pursuant to Chapter 21, Article 3 NMSA 1978 shall be in such form and denominations as the board determines, due and payable not later than fifty years from date of issue. The bonds shall be payable in consecutive order commencing not later than two years from date of issue.
History: 1978 Comp., § 21-3-15, enacted by Laws 1983, ch. 265, § 37.
Repeals and reenactments. — Laws 1983, ch. 265, § 37 repealed former 21-3-15 NMSA 1978 and enacted a new section.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 195, 196, 202, 205, 399 to 453.
Power and discretion of officer or board authorized to issue bonds of governmental units as regards terms or conditions to be included therein, 119 A.L.R. 190.
47 C.J.S. Interest and Usury; Consumer Credit § 18.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 3 - Certain State Post-Secondary Schools
Section 21-3-1 - [Names of Las Vegas and Silver City schools.]
Section 21-3-2 - [Use of name "New Mexico highlands university" authorized.]
Section 21-3-3 - Use of name "western New Mexico university" authorized; exceptions.
Section 21-3-4 - [Boards of regents; appointment and qualifications of members; corporate powers.]
Section 21-3-5 - [Election of officers; bond of secretary-treasurer.]
Section 21-3-6 - [Meeting of boards of regents; quorum.]
Section 21-3-8 - [Duties of board officers.]
Section 21-3-10 - [New Mexico highlands university to be nonsectarian.]
Section 21-3-11 - [Acquisition of land for New Mexico highlands university.]
Section 21-3-12 - [Right of eminent domain by New Mexico highlands university regents unaffected.]
Section 21-3-14 - [Resolution of New Mexico highlands university regents.]
Section 21-3-15 - Bonds; form; conditions.
Section 21-3-19 - [Protection of interest and retirement fund of New Mexico highlands university.]
Section 21-3-20 - [Income of permanent land funds of New Mexico highlands university pledged.]
Section 21-3-21 - [Interest payments for New Mexico highlands university bonds.]
Section 21-3-23 - [Series of New Mexico highlands university bonds; restrictions.]
Section 21-3-24 - [Tax exemption of New Mexico highlands university bonds.]
Section 21-3-25 - [Restrictions on use of New Mexico highlands university bond proceeds.]
Section 21-3-26 - [State board of finance approval of New Mexico highlands university bonds.]
Section 21-3-27 - [Lien of New Mexico highlands university bonds.]
Section 21-3-28 - [Refunding bonds issued by New Mexico highlands university.]
Section 21-3-29 - [Eastern New Mexico university; establishment.]
Section 21-3-31 - [Use of name "eastern New Mexico university" authorized; exceptions.]