A. The board of trustees shall elect from its membership a chairman and secretary-treasurer.
B. Each member of the board of trustees shall receive no compensation for the performance of his duties, but shall be paid per diem and mileage for attendance at meetings of the board as provided in the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978].
C. Each member of the board of trustees shall furnish a corporate surety bond in the penal sum of ten thousand dollars ($10,000) for the faithful performance of his duties and the accounting for all funds which shall come into his possession. Such bond shall run to the benefit of the special hospital district.
D. All authorizations for the payment or expenditure of money in the possession of the special hospital district shall be signed by the chairman and the secretary-treasurer.
History: 1978 Comp., § 4-48A-8, enacted by Laws 1978, ch. 29, § 8.
Structure 2021 New Mexico Statutes
Article 48A - Special Hospital Districts
Section 4-48A-1 - Short title.
Section 4-48A-2 - Definitions.
Section 4-48A-3.1 - Artesia special hospital district.
Section 4-48A-3.2 - Nor-Lea special hospital district.
Section 4-48A-3.3 - Jal special hospital district.
Section 4-48A-4 - Formation of special hospital district; petition.
Section 4-48A-5 - Formation of special hospital district; election.
Section 4-48A-5.1 - Voting in certain special hospital districts after formation.
Section 4-48A-6 - Board of trustees; terms; vacancies; removal.
Section 4-48A-7 - Board of trustees; qualifications; automatic removal.
Section 4-48A-8 - Board of trustees; organization; bond.
Section 4-48A-9 - Board of trustees; powers.
Section 4-48A-10 - Board of trustees; duties.
Section 4-48A-11 - Board of trustees; acquisition of existing hospital facilities; agreements.
Section 4-48A-12 - Board of trustees; issue of bonds.
Section 4-48A-13 - Bonds; form; interest; maturities.
Section 4-48A-14 - Imposition of tax for payment of bonds.
Section 4-48A-15 - Refunding bonds.
Section 4-48A-16 - Special tax imposed for special hospital district.
Section 4-48A-17 - Election procedures.
Section 4-48A-18 - Dissolution of the special hospital district.
Section 4-48A-20 - Hospital revenue bonds; authority to issue; pledge of revenues.
Section 4-48A-21 - Use of proceeds of bond issue.
Section 4-48A-22 - Revenue bonds; terms.
Section 4-48A-23 - Resolution authorizing revenue bonds.
Section 4-48A-24 - Revenue bonds not general obligations of special hospital district.
Section 4-48A-25 - Revenue bonds; security.
Section 4-48A-26 - Revenue bonds; exemption from taxation.
Section 4-48A-27 - Election not required.