A. All tangible and intangible property, real and personal property and securities purchased, held or owned by the authority shall be purchased and held in the name of the authority, or may be mortgaged, assigned or otherwise encumbered as security for the repayment of bonds issued by the authority.
B. All securities purchased by the authority, upon delivery to the authority, shall be accompanied by all documentation required by the authority and shall include an approving opinion of recognized bond counsel, certification and guarantee of signatures and certification as to no litigation pending as of the date of delivery of the securities challenging the validity or issuance of such securities.
History: Laws 2005, ch. 342, § 6.
Effective dates. — Laws 2005, ch. 342, § 24 made the act effective April 7, 2005.
Structure 2021 New Mexico Statutes
Article 25A - New Mexico Exposition Center Authority
Section 6-25A-1 - Short title.
Section 6-25A-2 - Legislative findings.
Section 6-25A-3 - Definitions.
Section 6-25A-5 - Powers of the authority.
Section 6-25A-6 - Purchases in name of the authority; documentation.
Section 6-25A-7 - Bonds of the authority; use; security.
Section 6-25A-8 - Bonds; authorization for issuance; terms and conditions.
Section 6-25A-9 - Bonds secured by trust indenture.
Section 6-25A-10 - Publication of notice; validation; limitation of action.
Section 6-25A-11 - Refunding bonds.
Section 6-25A-12 - Remedies of bondholders.
Section 6-25A-13 - Agreement of the state.
Section 6-25A-14 - Bonds; legal investment for public officers and fiduciaries.
Section 6-25A-15 - Tax exemption.
Section 6-25A-16 - Money of the authority; expenses; audit; annual report.
Section 6-25A-17 - Corporate existence.
Section 6-25A-18 - Prohibited actions.
Section 6-25A-19 - Conflicts of interest; penalty.
Section 6-25A-20 - Cumulative authority.
Section 6-25A-21 - New Mexico exposition authority oversight committee.