[Incurrence of unauthorized debt prohibited.]

  1. Law
  2. New Mexico Statutes
  3. Special Districts
  4. Drainage Districts Within Federal Reclamation Projects
  5. [Incurrence of unauthorized debt prohibited.]

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The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.

History: Laws 1917, ch. 22, § 34; C.S. 1929, § 40-234; 1941 Comp., § 77-2034; 1953 Comp., § 75-21-34.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Compiler's notes. — The words "this act" refers to Laws 1917, ch. 22, §§ 1 to 60, now compiled as 73-8-1 to 73-8-60 NMSA 1978.


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