At any regular or special meeting called for the purpose of issuing recreational revenue bonds, the governing body of the municipality or H-class county by ordinance, or board of county commissioners of a county, by resolution, each adopted by a two-thirds vote of all the members of the governing body or board of county commissioners, whichever is applicable, may issue recreational revenue bonds authorized in Section 5-4-10 NMSA 1978. The revenue bonds shall be:
A. signed by the presiding officer of the governing body of the municipality or board of county commissioners;
B. attested by the municipal clerk or county clerk;
C. validated by the seal of the municipality or county; or the revenue bonds may be authenticated as provided under the Uniform Facsimile Signature of Public Officials Act [6-9-1 to 6-9-6 NMSA 1978]; and
D. if such bonds bear coupons, the coupons shall bear the facsimile signature of the treasurer of the municipality or county.
History: 1953 Comp., § 6-4-12, enacted by Laws 1965, ch. 88, § 3; 1975, ch. 226, § 4.
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 4 - Playgrounds and Recreational Equipment
Section 5-4-1 - [Governmental unit subject to act.]
Section 5-4-2 - Dedication of lands and buildings as playgrounds and recreation centers.
Section 5-4-3 - Establishing system of supervised recreation; powers of managing boards.
Section 5-4-4 - [Petition for establishment of a supervised recreational system; election.]
Section 5-4-5 - Establishment of joint recreational systems.
Section 5-4-6 - Acceptance of grants and donations by supervisory boards; limitation.
Section 5-4-7 - [Disposition of funds received by gift or bequest.]
Section 5-4-8 - Power to issue bonds.
Section 5-4-10 - Revenue bonds.
Section 5-4-11 - Revenue bonds; refunding authorization; escrow; detail.
Section 5-4-12 - Terms of bonds.
Section 5-4-13 - Ordinance or resolution issuing bonds; validation.
Section 5-4-14 - Retirement of bonds only from cigarette tax proceeds; tax levy irrevocable.
Section 5-4-15 - Proceeds not to be divested [diverted]; exclusions of this act.
Section 5-4-16 - School districts; community recreational facilities.