Bonds issued pursuant to Chapter 21, Article 3 NMSA 1978 shall be in such form and denominations as the board determines, due and payable not later than fifty years from date of issue. The bonds shall be payable in consecutive order commencing not later than two years from date of issue.
History: 1978 Comp., § 21-3-15, enacted by Laws 1983, ch. 265, § 37.
Repeals and reenactments. — Laws 1983, ch. 265, § 37 repealed former 21-3-15 NMSA 1978 and enacted a new section.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 195, 196, 202, 205, 399 to 453.
Power and discretion of officer or board authorized to issue bonds of governmental units as regards terms or conditions to be included therein, 119 A.L.R. 190.
47 C.J.S. Interest and Usury; Consumer Credit § 18.
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