Ordinance authorizing fire district bonds; two-thirds majority required.

  1. Law
  2. New Mexico Statutes
  3. Municipalities and Counties
  4. Fire District Bonds
  5. Ordinance authorizing fire district bonds; two-thirds majority required.

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A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [5-7-3 NMSA 1978] 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.

History: Laws 1983, ch. 162, § 6.

ANNOTATIONS

Compiler's notes. — This section was enacted without a Subsection B.


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