Maturity date of bonds; limitation.

  1. Law
  2. New Mexico Statutes
  3. Public Finances
  4. Finances of Counties, Municipalities and School Districts
  5. Maturity date of bonds; limitation.

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Bonds issued hereunder shall never be issued to run for a longer period than twenty years from the date of the bonds.

History: Laws 1929, ch. 201, § 5; C.S. 1929, § 16-105; 1941 Comp., § 7-620; 1953 Comp., § 11-6-19; Laws 1973, ch. 393, § 4.

ANNOTATIONS

Cross references. — For limitation on issuance of bonds, see 6-15-9 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 173.

20 C.J.S. Counties § 222; 64 C.J.S. Municipal Corporations §§ 1690 to 1693; 79 C.J.S. Schools and School Districts § 371; 87 C.J.S. Towns § 215.


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