Eastern Sandoval County Arroyo Flood Control Act | Midpage

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New Mexico Statutes Annotated 1978

20

Eastern Sandoval County Arroyo Flood Control Act

State of New Mexico

72-20-1Short title 72-20-2Legislative declaration 72-20-3Decision of board or governing body final 72-20-4Definitions 72-20-5Creation of authority 72-20-6Boundaries of authority 72-20-7Petition for exclusion 72-20-8Board of directors 72-20-9Appointment of first board; initial management 72-20-10Election of directors; single-member districts 72-20-11Nomination of directors 72-20-12Filling vacancies on the board 72-20-13Organizational meetings 72-20-14Board's administrative powers 72-20-15Records of board 72-20-16Meetings of the board 72-20-17Compensation of directors 72-20-18Interest in contracts and property disqualifications 72-20-19Flood control system; hearings 72-20-20Implementing powers 72-20-21Protection of property rights 72-20-22Additional powers of the authority 72-20-23Levy and collection of taxes 72-20-23.1Temporary provision; limitation on property taxes on excluded land; exceptions for certain authorized debt obligations; approval of department of finance and administration 72-20-24Levies to cover deficiencies 72-20-25Sinking fund 72-20-26Manner of levying and collecting taxes 72-20-27Delinquent taxes 72-20-28Elections 72-20-35Dissolution of authority 72-20-36Filing of dissolution resolution 72-20-37Disposition of property, funds and taxes of authority 72-20-38Powers of public bodies 72-20-39Effects of extraterritorial functions 72-20-40Forms of borrowing 72-20-41Issuance of notes 72-20-42Issuance of warrants 72-20-43Maturities of notes and warrants 72-20-44Issuance of bonds and incurrence of debt 72-20-45Issuance of temporary bonds 72-20-46Issuance of interim debentures 72-20-47Payment of securities 72-20-48Additionally secured securities 72-20-49Pledge of revenues 72-20-50Ranking among different issues 72-20-51Ranking among securities of same issue 72-20-52Payment recital in securities 72-20-53Incontestable recital in securities 72-20-54Limitations upon payment of securities 72-20-55Limitations upon incurring any debt 72-20-56Security details 72-20-57Capitalization of costs 72-20-58Other security details 72-20-59Reissuance of securities 72-20-60Negotiability 72-20-61Single bonds 72-20-62Lost or destroyed securities 72-20-63Execution of securities 72-20-64Interest coupons 72-20-65Facsimile signatures 72-20-66Facsimile seal 72-20-67Signatures of predecessors in office 72-20-68Facsimile signatures of predecessors 72-20-69Repurchase of securities 72-20-70Customary provisions 72-20-71Sale of securities 72-20-72Sale discount or commission prohibited 72-20-73Application of proceeds 72-20-74Use of unexpended proceeds 72-20-75Validity unaffected by use of proceeds 72-20-76Covenants in security proceedings 72-20-77Remedies of security holders 72-20-78Limitations upon liabilities 72-20-79Cancellation of paid securities 72-20-80Interest after maturity 72-20-81Refunding bonds 72-20-82Method of issuance 72-20-83Limitations upon issuance 72-20-84Use of refunding bond proceeds 72-20-85Payment of refunding bonds 72-20-86Combination of refunding and other bonds 72-20-87Supplemental provisions 72-20-88Board's determination final 72-20-89Issuance of interim debentures and pledge of bonds as collateral security 72-20-90Interim debentures not to be extended 72-20-91Funding 72-20-92Publication of resolution or proceedings 72-20-93Failure to contest legality constitutes bar 72-20-94Confirmation of contract proceedings 72-20-95Review and judgment of court 72-20-96Purpose of tax exemptions 72-20-97Property exempt from general taxes 72-20-98Securities and income therefrom exempt 72-20-99Freedom from judicial process 72-20-100Resort to judicial process 72-20-101Legal investments in securities 72-20-102Open Meetings Act 72-20-103Liberal construction