The Municipal Airport Law is full authority for authorization and issuance of bonds and no election is necessary. In any proceeding involving the validity and enforceability of any bond or its security, any bond reciting in substance that it was issued by the municipality to aid in financing an airport facility is conclusively presumed to have been issued for an airport facility planned, located and constructed in accordance with the Municipal Airport Law.
History: 1953 Comp., ยง 14-40-9, enacted by Laws 1965, ch. 300.
Structure 2021 New Mexico Statutes
Article 39 - Municipal Airports
Section 3-39-1 - Municipal Airport Law.
Section 3-39-2 - Purpose of law.
Section 3-39-4 - Municipal airports.
Section 3-39-5 - Planning and zoning laws.
Section 3-39-6 - Irrepealable bond ordinance.
Section 3-39-7 - Refunding bonds.
Section 3-39-8 - Impairment of payment.
Section 3-39-9 - Terms of bonds.
Section 3-39-10 - Sale, exchange and details of bonds.
Section 3-39-11 - Construction.
Section 3-39-12 - Additional security.
Section 3-39-13 - Foreclosure.
Section 3-39-14 - Legal investments.
Section 3-39-15 - Tax exemptions.
Section 3-39-16 - [Municipal Airport Zoning Law.]
Section 3-39-17 - Definitions.
Section 3-39-18 - Airport hazards not in public interest.
Section 3-39-19 - Preparation of airport approach plans.
Section 3-39-20 - Adoption of airport zoning regulations.
Section 3-39-21 - Permits and variances.
Section 3-39-22 - Zoning regulations; procedure.
Section 3-39-23 - Judicial review.
Section 3-39-24 - Enforcement and remedies.
Section 3-39-25 - Removal of airport obstructions by municipalities.