Skip to main content
Find a Lawyer

New Mexico Statutes Chapter 5. Municipalities and Counties § 5-7-7. Fire district bonds not general county or municipal obligations; authentication

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

A. Fire district bonds or refunding bonds issued as authorized in the Fire District Bond Act are:

(1) not general obligations of the county or municipality; and

(2) collectible only from the proper pledged revenues, and each bond shall state that it is payable solely from the proper pledged revenues and that the bondholders may not look to any other county or municipal fund for the payment of the interest and principal of the bonds.

B. The bonds and coupons shall be signed and sealed as provided by the ordinance issuing the same, and the Uniform Facsimile Signature of Public Officials Act shall be applicable.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - New Mexico Statutes Chapter 5. Municipalities and Counties § 5-7-7. Fire district bonds not general county or municipal obligations; authentication - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-5-municipalities-and-counties/nm-st-sect-5-7-7/

Read this complete New Mexico Statutes Chapter 5. Municipalities and Counties § 5-7-7. Fire district bonds not general county or municipal obligations; authentication on Westlaw. Westlaw subscription required.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all New Mexico Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard