New Mexico Statutes
Article 16 - Albuquerque Metropolitan Arroyo Flood Control
Section 72-16-8 - Board of directors.

The governing body of the authority hereby created is a board of directors consisting of five qualified electors of the authority. All powers, rights, privileges and duties vested in or imposed upon the authority are exercised and performed by and through the board of directors; provided that the exercise of any executive, administrative and ministerial powers may be, by the board, delegated and redelegated to officers and employees of the authority. Except for the first directors appointed as provided for in Section 72-16-9 NMSA 1978, and except for any director chosen to fill an unexpired term, the term of each director runs for six years. Each director, subject to such exceptions, shall serve a six-year term, and each director shall serve until a successor has been duly chosen and qualified.
History: 1953 Comp., § 75-36-8, enacted by Laws 1963, ch. 311, § 8; 2018, ch. 79, § 103.
The 2018 amendment, effective July 1, 2018, removed the provision related to the commencing and ending dates of the terms of the first directors appointed and any director chosen to fill an unexpired term, and made technical changes; and after "as provided", added "for in Section 72-16-9 NMSA 1978", after "the term of each director", deleted "commences on the first day of January next following a general election in the state and", and after "six-year term", deleted "ending on the first day of January next following a general election".
Am. Jur. 2d, A.L.R. and C.J.S. references. — 52A C.J.S. Levees and Flood Control § 21.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 72 - Water Law

Article 16 - Albuquerque Metropolitan Arroyo Flood Control

Section 72-16-1 - Short title.

Section 72-16-2 - Legislative declaration.

Section 72-16-3 - Decision of board or governing body final.

Section 72-16-4 - Definitions.

Section 72-16-5 - Creation of authority.

Section 72-16-6 - Boundaries of authority.

Section 72-16-7 - Provision for remonstrances.

Section 72-16-8 - Board of directors.

Section 72-16-9 - Appointment of first board.

Section 72-16-10 - Election of directors.

Section 72-16-11 - Nomination of directors.

Section 72-16-12 - Filling vacancies on board.

Section 72-16-13 - Organizational meetings.

Section 72-16-14 - Board's administrative powers.

Section 72-16-15 - Records of board.

Section 72-16-16 - Meetings of board.

Section 72-16-16.1 - Joint powers agreement authorized.

Section 72-16-17 - Compensation of directors.

Section 72-16-18 - Interest in contracts and property disqualifications.

Section 72-16-19 - Flood control system; hearings thereon.

Section 72-16-20 - Implementing powers.

Section 72-16-21 - Protection of property rights.

Section 72-16-22 - Additional powers of the authority.

Section 72-16-23 - Levy and collection of taxes.

Section 72-16-24 - Levies to cover deficiencies.

Section 72-16-25 - Sinking fund.

Section 72-16-26 - Manner of levying and collecting taxes.

Section 72-16-27 - Delinquent taxes.

Section 72-16-28 - Elections.

Section 72-16-29 - Repealed.

Section 72-16-30 - Repealed.

Section 72-16-31 - Repealed.

Section 72-16-32 - Repealed.

Section 72-16-33 - Repealed.

Section 72-16-34 - Repealed.

Section 72-16-35 - Dissolution of authority.

Section 72-16-36 - Filing of dissolution resolution.

Section 72-16-37 - Disposition of property, funds and taxes of authority.

Section 72-16-38 - Powers of public bodies.

Section 72-16-39 - Effect of extraterritorial functions.

Section 72-16-40 - Forms of borrowing.

Section 72-16-41 - Issuance of notes.

Section 72-16-42 - Issuance of warrants.

Section 72-16-43 - Maturities of notes and warrants.

Section 72-16-44 - Issuance of bonds and incurrence of debt.

Section 72-16-45 - Issuance of temporary bonds.

Section 72-16-46 - Issuance of interim debentures.

Section 72-16-47 - Payment of securities.

Section 72-16-48 - Additionally secured securities.

Section 72-16-49 - Pledge of revenues.

Section 72-16-50 - Ranking among different issues.

Section 72-16-51 - Ranking among securities of same issue.

Section 72-16-52 - Payment recital in securities.

Section 72-16-53 - Incontestable recital in securities.

Section 72-16-54 - Limitations upon payment of securities.

Section 72-16-55 - Limitations upon incurring any debt.

Section 72-16-56 - Security details.

Section 72-16-57 - Capitalization of costs.

Section 72-16-58 - Other security details.

Section 72-16-59 - Reissuance of securities.

Section 72-16-60 - Negotiability.

Section 72-16-61 - Single bonds.

Section 72-16-62 - Lost or destroyed securities.

Section 72-16-63 - Execution of securities.

Section 72-16-64 - Interest coupons.

Section 72-16-65 - Facsimile signatures.

Section 72-16-66 - Facsimile seal.

Section 72-16-67 - Signatures of predecessors in office.

Section 72-16-68 - Facsimile signatures of predecessors.

Section 72-16-69 - Repurchase of securities.

Section 72-16-70 - Customary provisions.

Section 72-16-71 - Sale of securities.

Section 72-16-72 - Sale discount or commission prohibited.

Section 72-16-73 - Application of proceeds.

Section 72-16-74 - Use of unexpended proceeds.

Section 72-16-75 - Validity unaffected by use of proceeds.

Section 72-16-76 - Covenants in security proceedings.

Section 72-16-77 - Remedies of security holders.

Section 72-16-78 - Limitations upon liabilities.

Section 72-16-79 - Cancellation of paid securities.

Section 72-16-80 - Interest after maturity.

Section 72-16-81 - Refunding bonds.

Section 72-16-82 - Method of issuance.

Section 72-16-83 - Limitations upon issuance.

Section 72-16-84 - Use of refunding bond proceeds.

Section 72-16-85 - Payment of refunding bonds.

Section 72-16-86 - Combination of refunding and other bonds.

Section 72-16-87 - Supplemental provisions.

Section 72-16-88 - Board's determination final.

Section 72-16-89 - Issuance of interim debentures and pledge of bonds as collateral security.

Section 72-16-90 - Interim debentures not to be extended.

Section 72-16-91 - Funding.

Section 72-16-92 - Publication of resolution or proceedings.

Section 72-16-93 - Failure to contest legality constitutes bar.

Section 72-16-94 - Confirmation of contract proceedings.

Section 72-16-95 - Review and judgment of court.

Section 72-16-96 - Purpose of tax exemptions.

Section 72-16-97 - Property exempt from general taxes.

Section 72-16-98 - Securities and income therefrom exempt.

Section 72-16-99 - Freedom from judicial process.

Section 72-16-100 - Resort to judicial process.

Section 72-16-101 - Legal investments in securities.

Section 72-16-102 - Civil rights.

Section 72-16-103 - Liberal construction.