Said bonds may be issued in the aggregate amount to be determined by the board of county commissioners, and in denominations of one hundred dollars [($100)] each or some multiple thereof, and shall bear interest at a rate not exceeding five per centum per annum, payable semiannually, and shall become due within a period of not exceeding thirty years, but same may be made redeemable prior to their date of maturity as may be provided by order of the said board of county commissioners.
History: Laws 1912, ch. 79, § 2; Code 1915, § 2684; C.S. 1929, § 64-902; 1941 Comp., § 58-502; 1953 Comp., § 55-5-2.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 194.
Structure New Mexico Statutes
Article 6 - County Highways and Bridge Bonds
Section 67-6-1 - [Bond issue by county commissioners; limitation.]
Section 67-6-2 - [Aggregate amount; denominations; interest; date of maturity; prior redemption.]
Section 67-6-3 - [Petition for bond issue; election call; ballots.]
Section 67-6-4 - [Election on bond issue; conduct; returns; limitation on frequency.]
Section 67-6-5 - [Taxation; general fund; interest fund.]
Section 67-6-6 - [County highway sinking fund; payment of bond principal and interest.]
Section 67-6-7 - [Proceeds of bonds; payment into county road fund.]