A city may submit to the attorney general of the state any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general, it shall be the duty of the attorney general to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such bonds and proceedings conform to the provisions of the Municipal Parking Law, and are otherwise regular in form, and if such bonds when delivered and paid for will constitute binding and legal obligations enforceable according to the terms thereof, the attorney general shall certify in substance that such bonds are issued in accordance with the constitution and laws of the state of New Mexico.
History: 1953 Comp., ยง 14-51-15, enacted by Laws 1965, ch. 300.
Structure 2021 New Mexico Statutes
Article 50 - Municipal Parking
Section 3-50-1 - Municipal Parking Law; short title.
Section 3-50-2 - Finding and declaration of necessity.
Section 3-50-4 - Creation of parking authorities.
Section 3-50-5 - Powers of city.
Section 3-50-6 - Interested officers and employees.
Section 3-50-7 - Planning, zoning and building laws.
Section 3-50-8 - Lease of parking facilities; bids.
Section 3-50-9 - Power to issue bonds.
Section 3-50-10 - Liability on bonds.
Section 3-50-11 - Types of bonds; sources from which payable.
Section 3-50-12 - Form and sale of bonds.
Section 3-50-13 - Provisions of bonds and trust indentures.
Section 3-50-14 - Construction of bond provisions.
Section 3-50-15 - Examination of bond issue by attorney general.
Section 3-50-16 - Remedies of an obligee.
Section 3-50-17 - Additional remedies conferrable to an obligee.
Section 3-50-18 - Bonds; exemption from taxation.
Section 3-50-19 - Aid from federal government.
Section 3-50-20 - Contracts; leases; increase of revenue.