Water revenue bonds issued under the provisions of this 1959 act [72-4-2 to 72-4-12 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state.
History: 1953 Comp., § 75-4-1.8, enacted by Laws 1959, ch. 286, § 8.
Structure New Mexico Statutes
Article 4 - Surveys, Investigations and Adjudication of Rights
Section 72-4-2 - [Authority to acquire water rights for development of county water supply system.]
Section 72-4-3 - [Authority to establish county water supply system; purpose.]
Section 72-4-4 - Water revenue bonds; limitations; conditions of issuance.
Section 72-4-5 - [Water revenue bonds; security; restrictions and limitations.]
Section 72-4-6 - [Determinations and findings prior to supplying water.]
Section 72-4-7 - [Sale of water revenue bonds; application of proceeds; cost of acquiring system.]
Section 72-4-8 - Water system cost paid from bond proceeds only.
Section 72-4-9 - [Water revenue bonds shall be legal investments.]
Section 72-4-11 - [Election by voters prior to issuance of bonds not required.]
Section 72-4-14 - [Cooperation with federal reclamation service; federal projects.]
Section 72-4-16 - [Reports of hydrographic surveys; filing with state engineer; copies as evidence.]
Section 72-4-18 - [Suits concerning water rights; submission of facts to jury or referee.]
Section 72-4-19 - [Adjudication of rights; decree filed with state engineer; contents of decree.]