It may be provided in any proceedings authorizing any bonds hereunder that such bond shall recite that it is issued under authority of this act [5-5-1 to 5-5-23, 5-5-25 to 5-5-27 NMSA 1978]. Such recital shall conclusively impart full compliance with all of the provisions of this act, and all bonds issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value.
History: 1953 Comp., § 6-9-14, enacted by Laws 1959, ch. 300, § 14.
Structure New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 5 - Joint City-County Building
Section 5-5-2 - Legislative declaration.
Section 5-5-4 - Jointly owned projects.
Section 5-5-5 - Powers of county and city.
Section 5-5-6 - Agreements between county and city.
Section 5-5-7 - Borrowing money and securities evidencing loans.
Section 5-5-8 - Short-term notes.
Section 5-5-9 - Limitations upon incurring debts.
Section 5-5-10 - General obligation bond and debt elections.
Section 5-5-11 - Authorization of bonds.
Section 5-5-12 - Payment of bonds.
Section 5-5-13 - Municipality's limited liability on bonds and recital therein.
Section 5-5-14 - Incontestable recital in bonds.
Section 5-5-15 - Form of bonds.
Section 5-5-16 - Alternate bond form.
Section 5-5-17 - Execution of bonds.
Section 5-5-18 - Sale of bonds.
Section 5-5-19 - Application of proceeds.
Section 5-5-20 - Covenants in bond proceedings.
Section 5-5-21 - Remedies of bondholders.
Section 5-5-23 - Revenue bond charges.
Section 5-5-24 - Pledging of occupation taxes.
Section 5-5-25 - Exemption from taxation.