Upon the conditions and under the circumstances set forth in this act [Chapter 72, Article 17 NMSA 1978], the authority, to carry out the purposes hereof, from time to time may borrow money to defray the cost of any project, or any part thereof, as the board may determine, and issue the following securities to evidence such borrowing:
A. notes;
B. warrants;
C. bonds;
D. temporary bonds; and
E. interim debentures.
History: 1953 Comp., § 75-38-40, enacted by Laws 1967, ch. 156, § 40.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 9 to 23.
11 C.J.S. Bonds § 2 et seq.; 64 C.J.S. Municipal Corporations §§ 1902 to 1904; 94 C.J.S. Waters §§ 322 to 331.