All bonds issued pursuant to this act [16-6-13 to 16-6-22 NMSA 1978] shall be obligations of the New Mexico state fair, and such bonds shall be payable in accordance with the terms thereof and shall not be obligations general, special or otherwise of the state of New Mexico. Such bonds shall not constitute a debt, legal or moral, of the state of New Mexico, and shall not be enforceable against the state.
History: Laws 1935, ch. 69, § 9; 1941 Comp., § 48-2120; 1953 Comp., § 45-20-20.
Structure New Mexico Statutes
Chapter 16 - Parks, Recreation and Fairs
Article 6 - State and County Fairs
Section 16-6-2 - [Payment of premiums on bonds.]
Section 16-6-3.1 - Budget review requirements.
Section 16-6-4 - Powers and duties of commission; annual fair; exhibits; premiums.
Section 16-6-5 - State fair commission administratively attached to tourism department.
Section 16-6-6 - [Annual meeting; election of officers; financial report to governor.]
Section 16-6-7 - [Annual appropriation; Albuquerque contribution.]
Section 16-6-9 - Appropriation; how paid to the commission.
Section 16-6-10 - Fair commission; expenses.
Section 16-6-11 - [Corporate powers of fair commission.]
Section 16-6-12 - [Contracts; financial interest by commissioner; effect; penalty.]
Section 16-6-13 - [Additional powers of fair commission; definitions.]
Section 16-6-14 - [Creating New Mexico state fair, a separate and independent legal entity.]
Section 16-6-15 - Additional powers.
Section 16-6-16 - Issuance of negotiable bonds; terms.
Section 16-6-17 - Powers to secure bonds.
Section 16-6-18 - Moneys of New Mexico state fair.
Section 16-6-19 - Validity of bonds.
Section 16-6-20 - Prohibitions against obligating state of New Mexico.
Section 16-6-21 - Bonds obligations of New Mexico state fair.
Section 16-6-22 - Supplemental nature of act, construction and purpose.
Section 16-6-23 - [Eastern New Mexico state fair; purposes; exhibits.]
Section 16-6-24 - [Reorganization of Chaves county cotton carnival.]
Section 16-6-25 - [Authorization for holding of an annual bi-state fair in Curry county.]
Section 16-6-26 - [Bi-state fair association.]
Section 16-6-27 - [Bond issue election; ballot; notice; voters; sale of bonds.]
Section 16-6-29 - [Contesting validity of proceedings; limitation.]
Section 16-6-30 - [Tax levy; redemption fund; procedure for redeeming bonds.]
Section 16-6-31 - [Ownership and maintenance of real and personal property.]
Section 16-6-32 - Advisory committee created; appointments; staggered terms of members; duties.