New Mexico Statutes Chapter 5. Municipalities and Counties § 5-7-6. Ordinance authorizing fire district bonds; two-thirds majority required

Current as of January 01, 2024 | Updated by Findlaw Staff

A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 of the Fire District Bond Act, the governing body may adopt an ordinance that:

(1) declares the necessity for issuing fire district bonds;

(2) authorizes the issuance of fire district bonds by an affirmative vote of two-thirds of all the members of the governing body; and

(3) designates the source of the pledged revenues.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 5. Municipalities and Counties § 5-7-6. Ordinance authorizing fire district bonds; two-thirds majority required - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-5-municipalities-and-counties/nm-st-sect-5-7-6/

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