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    • Legislation USA
    • New Mexico Statutes
    • Chapter 3 - Municipalities
    • Article 52 - Municipal Transit
    • Section 3-52-12 - Legal investments.

    New Mexico Statutes
    Article 52 - Municipal Transit
    Section 3-52-12 - Legal investments.

    Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a municipal subdivision of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.
    History: 1953 Comp., ยง 14-53-12, enacted by Laws 1965, ch. 300.

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    Structure New Mexico Statutes

    New Mexico Statutes

    Chapter 3 - Municipalities

    Article 52 - Municipal Transit

    Section 3-52-1 - Municipal Transit Law; short title.

    Section 3-52-2 - Legislative determination.

    Section 3-52-3 - Authorization.

    Section 3-52-4 - Powers of authorized municipality.

    Section 3-52-5 - Transportation contracts.

    Section 3-52-6 - Bond ordinance.

    Section 3-52-7 - Terms of bonds.

    Section 3-52-8 - Sale of bonds.

    Section 3-52-9 - Construction.

    Section 3-52-10 - Additional security.

    Section 3-52-11 - Foreclosure.

    Section 3-52-12 - Legal investments.

    Section 3-52-13 - Tax exemptions.

    Section 3-52-14 - Declaration of legislative intent.

    Section 3-52-15 - Authorization of collective bargaining in municipalities wishing to qualify for grant.

    Section 3-52-16 - Coercive action prohibited.

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