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Section 72-17-1 - Short title. - Chapter 72, Article 17 NMSA 1978 may be cited as...
Section 72-17-2 - Legislative declaration. - It is hereby declared as a matter of legislative determination:...
Section 72-17-3 - Decision of board or governing body final. - The action and decision of the board as to all...
Section 72-17-4 - Definitions. - Except where the context otherwise requires, as used in the...
Section 72-17-5 - Creation of authority. - There is hereby created a flood control authority to be...
Section 72-17-6 - Boundaries of authority. - The boundaries of the authority are: A combination of watersheds...
Section 72-17-7 - Provision for remonstrances. - Within sixty days from the time this act [Chapter 72,...
Section 72-17-8 - Board of directors. - The governing body of the authority hereby created is a...
Section 72-17-9 - Appointment of first board. - When this act [Chapter 72, Article 17 NMSA 1978] goes...
Section 72-17-10 - Election of directors. - At the time that a proposal to incur debt is...
Section 72-17-11 - Nomination of directors. - Written nominations of any candidate as director may be filed...
Section 72-17-12 - Filling vacancies on board. - Upon a vacancy occurring in the board by reason of...
Section 72-17-13 - Organizational meetings. - Except for the first board, each board shall meet on...
Section 72-17-14 - Board's administrative powers. - The board may exercise the following powers: A. fix the...
Section 72-17-15 - Records of board. - On all resolutions and orders, the roll shall be called,...
Section 72-17-16 - Meetings of board. - All meetings of the board shall be held within the...
Section 72-17-17 - Compensation of directors. - Directors shall receive no compensation for their services as a...
Section 72-17-18 - Interest in contracts and property disqualifications. - No director nor officer, employee or agent of the authority...
Section 72-17-19 - Flood control system; hearings thereon. - The authority is hereby authorized, empowered and directed, subject to...
Section 72-17-20 - Implementing powers. - The board may: A. acquire, improve, equip, maintain and operate...
Section 72-17-21 - Protection of property rights. - It is hereby declared that the use of the property,...
Section 72-17-22 - Additional powers of authority. - The authority may exercise the following powers: A. have duties,...
Section 72-17-23 - Levy and collection of taxes. - To levy and collect taxes, the board shall determine, in...
Section 72-17-24 - Levies to cover deficiencies. - The board, in certifying annual levies, shall take into account...
Section 72-17-25 - Sinking fund. - Whenever any indebtedness has been incurred by the authority, it...
Section 72-17-26 - Manner of levying and collecting taxes. - It is the duty of the body having authority to...
Section 72-17-27 - Delinquent taxes. - If the general ad valorem taxes levied are not paid,...
Section 72-17-28 - Elections. - Elections shall be held pursuant to the provisions of the...
Section 72-17-29 - Repealed. - History: 1953 Comp., § 75-38-29, enacted by Laws 1967, ch....
Section 72-17-30 - Repealed. - History: 1953 Comp., § 75-38-30, enacted by Laws 1967, ch....
Section 72-17-31 - Repealed. - History: 1953 Comp., § 75-38-31, enacted by Laws 1967, ch....
Section 72-17-32 - Repealed. - History: 1953 Comp., § 75-38-32, enacted by Laws 1967, ch....
Section 72-17-33 - Repealed. - History: 1953 Comp., § 75-38-33, enacted by Laws 1967, ch....
Section 72-17-34 - Repealed. - History: 1953 Comp., § 75-38-34, enacted by Laws 1967, ch....
Section 72-17-35 - Dissolution of authority. - If a remonstrance be received pursuant to Section 7 [72-17-7...
Section 72-17-36 - Filing of dissolution resolution. - Within thirty days after the effective date of any resolution...
Section 72-17-37 - Disposition of property, funds and taxes of authority. - All property and all funds remaining in the treasury of...
Section 72-17-38 - Powers of public bodies. - The governing body of any municipality or other public body,...
Section 72-17-39 - Effect of extraterritorial functions. - All of the powers, privileges, immunities and rights, exemptions from...
Section 72-17-40 - Forms of borrowing. - Upon the conditions and under the circumstances set forth in...
Section 72-17-41 - Issuance of notes. - The authority is authorized to borrow money without an election...
Section 72-17-42 - Issuance of warrants. - The authority is authorized to defray the cost of any...
Section 72-17-43 - Maturities of notes and warrants. - Notes and warrants may mature at such time or times...
Section 72-17-44 - Issuance of bonds and incurrence of debt. - The authority is authorized to borrow money in anticipation of...
Section 72-17-45 - Issuance of temporary bonds. - The authority is authorized to issue temporary bonds, pending preparation...
Section 72-17-46 - Issuance of interim debentures. - The authority is authorized to borrow money and to issue...
Section 72-17-47 - Payment of securities. - All securities issued by the authority shall be authorized by...
Section 72-17-48 - Additionally secured securities. - The board, in connection with such additionally secured securities, in...
Section 72-17-49 - Pledge of revenues. - Any such revenues pledged directly or as additional security for...
Section 72-17-50 - Ranking among different issues. - All securities of the same issue or series shall, subject...
Section 72-17-51 - Ranking among securities of same issue. - All securities of the same issue or series shall be...
Section 72-17-52 - Payment recital in securities. - Each security issued hereunder shall recite in substance that the...
Section 72-17-53 - Incontestable recital in securities. - Any resolution authorizing, or other instrument appertaining to, any securities...
Section 72-17-54 - Limitations upon payment of securities. - The payment of securities shall not be secured by an...
Section 72-17-55 - Limitations upon incurring any debt. - Nothing in this act [Chapter 72, Article 17 NMSA 1978]...
Section 72-17-56 - Security details. - Any securities herein authorized to be issued shall bear such...
Section 72-17-57 - Capitalization of costs. - Any resolution authorizing the issuance of securities or other instrument...
Section 72-17-58 - Other security details. - Securities may be issued with privileges for conversion or registration,...
Section 72-17-59 - Reissuance of securities. - Any resolution authorizing the issuance of securities or any other...
Section 72-17-60 - Negotiability. - Subject to the payment provisions herein specifically provided, said notes,...
Section 72-17-61 - Single bonds. - Notwithstanding any other provision of law, the board in any...
Section 72-17-62 - Lost or destroyed securities. - If lost or completely destroyed, any security may be reissued...
Section 72-17-63 - Execution of securities. - Any security shall be executed in the name of and...
Section 72-17-64 - Interest coupons. - Except for any bonds which are registrable for payment of...
Section 72-17-65 - Facsimile signatures. - Any of said officers, after filing with the secretary of...
Section 72-17-66 - Facsimile seal. - The secretary of the authority may cause the seal of...
Section 72-17-67 - Signatures of predecessors in office. - The securities and any coupons bearing the signatures of the...
Section 72-17-68 - Facsimile signatures of predecessors. - Any officer herein authorized or permitted to sign any security...
Section 72-17-69 - Repurchase of securities. - The securities may be repurchased by the authority out of...
Section 72-17-70 - Customary provisions. - The resolution authorizing the securities or other instrument appertaining thereto...
Section 72-17-71 - Sale of securities. - Any securities herein authorized, except for warrants not issued for...
Section 72-17-72 - Sale discount or commission prohibited. - No discount, except as hereinabove provided, or commission shall be...
Section 72-17-73 - Application of proceeds. - All moneys received from the issuance of any securities herein...
Section 72-17-74 - Use of unexpended proceeds. - Any unexpended balance of such security proceeds remaining after the...
Section 72-17-75 - Validity unaffected by use of proceeds. - The validity of said securities shall not be dependent [on]...
Section 72-17-76 - Covenants in security proceedings. - Any resolution or trust indenture authorizing the issuance of securities...
Section 72-17-77 - Remedies of security holders. - Subject to any contractual limitation binding upon the holders of...
Section 72-17-78 - Limitations upon liabilities. - Neither the directors nor any person executing securities issued hereunder...
Section 72-17-79 - Cancellation of paid securities. - Whenever the treasurer of the authority shall redeem and pay...
Section 72-17-80 - Interest after maturity. - No interest shall accrue on any security herein authorized after...
Section 72-17-81 - Refunding bonds. - Any bonds issued hereunder may be refunded, without an election,...
Section 72-17-82 - Method of issuance. - Any bonds issued for refunding purposes may either be delivered...
Section 72-17-83 - Limitations upon issuance. - No bonds may be refunded hereunder unless the holders thereof...
Section 72-17-84 - Use of refunding bond proceeds. - The proceeds of refunding bonds shall either be immediately applied...
Section 72-17-85 - Payment of refunding bonds. - Refunding revenue bonds may be made payable from any revenues...
Section 72-17-86 - Combination of refunding and other bonds. - Bonds for refunding and bonds for any other purpose or...
Section 72-17-87 - Supplemental provisions. - Except as in this act [Chapter 72, Article 17 NMSA...
Section 72-17-88 - Board's determination final. - The determination of the board that the limitations hereunder imposed...
Section 72-17-89 - Issuance of interim debentures and pledge of bonds as collateral security. - Notwithstanding any limitation or other provision herein, whenever a majority...
Section 72-17-90 - Interim debentures not to be extended. - No interim debenture issued pursuant to the provisions of Section...
Section 72-17-91 - Funding. - For the purpose of funding any interim debenture or interim...
Section 72-17-92 - Publication of resolution or proceedings. - In its discretion the board may provide for the publication...
Section 72-17-93 - Failure to contest legality constitutes bar. - If no such action or proceedings shall be commenced or...
Section 72-17-94 - Confirmation of contract proceedings. - In its discretion the board may file a petition at...
Section 72-17-95 - Review and judgment of court. - The petition and notice shall be sufficient to give the...
Section 72-17-96 - Purpose of tax exemptions. - The effectuation of the powers herein authorized shall and will...
Section 72-17-97 - Property exempt from general taxes. - Thus, the authority shall not be required to pay any...
Section 72-17-98 - Securities and income therefrom exempt. - Securities issued hereunder and the income therefrom shall forever be...
Section 72-17-99 - Freedom from judicial process. - Execution or other judicial process shall not issue against any...
Section 72-17-100 - Resort to judicial process. - Section 99 [72-17-99 NMSA 1978] hereof does not apply to...
Section 72-17-101 - Legal investments in securities. - It shall be legal for the state and any of...
Section 72-17-102 - Civil rights. - The authority damaged by any such act may also bring...
Section 72-17-103 - Liberal construction. - This act [Chapter 72, Article 17 NMSA 1978] being necessary...