New Mexico Statutes Chapter 3. Municipalities § 3-30-6. Bond election; qualifications of voters; separation of items; time; publication or posting; ballots

A. Before bonds are issued, the governing body of the municipality shall submit to a vote of the qualified electors of the municipality the question of issuing the bonds. The election may be held at the same time as the regular local election or at any special election held pursuant to Article 9, Section 12 of the constitution of New Mexico.

B. The governing body of the municipality shall give notice of the time and place of holding the election and the purpose for which the bonds are to be issued. The election shall be conducted pursuant to the provisions of the Local Election Act.

C. The question shall state the purpose for which the bonds are to be issued and the amount of the issue. If bonds are to be issued for more than one purpose, a separate question shall be submitted to the voter for each purpose to be voted upon. The ballots shall contain words indicating the purpose of the bond issue and a place for a vote “For ․․․ (designate type) bonds” and “Against ․․․ (designate type) bonds” for each bond issue. The ballots shall be deposited in a separate ballot box unless voting machines are used.