reglab/housing_qa huggingface dataset:
NM Stat § 72-17-52 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-52 - Payment recital in securities.

Each security issued hereunder shall recite in substance that the security and the interest thereon are payable solely from the revenues or other moneys pledged to the payment thereof. Securities specifically pledging the full faith and credit of the authority for their payment shall so state. History: 1953 Comp., § 75-38-52, enacted by Laws 1967, ch. 156, § 52.
NM Stat § 72-17-53 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-53 - Incontestable recital in securities.

Any resolution authorizing, or other instrument appertaining to, any securities hereunder may provide that each security therein authorized shall recite that it is issued under authority hereof. Such recital shall conclusively impart full compliance with all of the provisions hereof, and all securities issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value. History: 1953 Comp., § 75-38-53, enacted by Laws 1967, ch. 156, § 53. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 C.J.S. Municipal Corporations §§ 1967, 1968.
NM Stat § 72-17-54 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-54 - Limitations upon payment of securities.

The payment of securities shall not be secured by an encumbrance, mortgage or other pledge of property of the authority, except for revenues, income, tax proceeds and other moneys pledged for the payment of securities. No property of the authority, subject to said exception, shall be liable to be forfeited or taken in payment of the securities. History: 1953 Comp., § 75-38-54, enacted by Laws 1967, ch. 156, § 54. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 199.
NM Stat § 72-17-55 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-55 - Limitations upon incurring any debt.

Nothing in this act [Chapter 72, Article 17 NMSA 1978] contained shall be construed as creating or authorizing the creation of an indebtedness on the part of any municipality or other public body included in the authority or elsewhere located. History: 1953 Comp., § 75-38-55, enacted by Laws 1967, ch. 156, § 55.
NM Stat § 72-17-56 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-56 - Security details.

Any securities herein authorized to be issued shall bear such date or dates, shall be in such denomination or denominations, shall mature at such time or times but in no event exceeding forty years from their date or any shorter limitation herein provided, shall bear interest at a rate or rates not exceeding six percent per annum, which interest may be evidenced by one or two sets of coupons payable annually or semiannually, except that the first coupon or coupons appertaining to any security may represent interest for any period not in excess of one year, as may be prescribed by resolution or other instrument; and the securities and any coupons shall be payable in such medium of payment at any banking institution or such other place or places within or without the state, including but not limited to the office of the treasurer of the county in which the authority is located wholly or in part, as determined by the board, and the securities at the option of the board may be in one or more series, may be made subject to prior redemption in advance of maturity in such order or by lot or otherwise at such time or times without or with the payment of such premium or premiums not exceeding six percent of the principal amount of each security so redeemed, as determined by the board. History: 1953 Comp., § 75-38-56, enacted by Laws 1967, ch. 156, § 56.
NM Stat § 72-17-57 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-57 - Capitalization of costs.

Any resolution authorizing the issuance of securities or other instrument appertaining thereto may capitalize interest on any securities during any period of construction or other acquisition estimated by the board and one year thereafter and any other cost of any project, by providing for the payment of the amount capitalized from the proceeds of the securities. History: 1953 Comp., § 75-38-57, enacted by Laws 1967, ch. 156, § 57.
NM Stat § 72-17-58 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-58 - Other security details.

Securities may be issued with privileges for conversion or registration, or both, for payment as to principal or interest, or both; and where interest accruing on the securities is not represented by interest coupons, the securities may provide for the endorsing of payments of interest thereof; and the securities generally shall be issued in such manner, in such form, either coupon or registered, with such recitals, terms, covenants and conditions, and with such other details, as may be provided by the board in the resolution authorizing the securities, or other instrument appertaining thereto, except as herein otherwise provided. History: 1953 Comp., § 75-38-58, enacted by Laws 1967, ch. 156, § 58.
NM Stat § 72-17-59 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-59 - Reissuance of securities.

Any resolution authorizing the issuance of securities or any other instrument appertaining thereto may provide for their reissuance in other denominations in negotiable or nonnegotiable form and otherwise in such manner and form as the board may determine. History: 1953 Comp., § 75-38-59, enacted by Laws 1967, ch. 156, § 59.
NM Stat § 72-17-60 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-60 - Negotiability.

Subject to the payment provisions herein specifically provided, said notes, warrants, bonds, any interest coupons thereto attached, temporary bonds, and interim debentures shall be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978], except as the board may otherwise provide; and each holder of such security, or of any coupon appertaining thereto, by accepting such security or coupon shall be conclusively deemed to have agreed that such security or coupon, except as otherwise provided, is and shall be fully negotiable within the meaning and for all purposes of said code. History: 1953 Comp., § 75-38-60, enacted by Laws 1967, ch. 156, § 60. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 23, 33. 64 C.J.S. Municipal Corporations §§ 1950 to 1952.
NM Stat § 72-17-61 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-61 - Single bonds.

Notwithstanding any other provision of law, the board in any proceedings authorizing securities hereunder: A. may provide for the initial issuance of one or more securities, in this section called "bond," aggregating the amount of the entire issue, or a designated portion thereof; B. may make such provision for installment payments of the principal amount of any such bond as it may consider desirable; C. may provide for the making of any such bond payable to bearer or otherwise, registrable as to principal or as to both principal and interest, and where interest accruing thereon is not represented by interest coupons, for the endorsing of payments of interest on such bonds; D. may further make provision in any such proceedings for the manner and circumstances in and under which any such bond may in the future, at the request of the holder thereof, be converted into securities of smaller denominations, which securities of smaller denominations may in turn be either coupon bonds or bonds registrable as to principal, or principal and interest, or both. History: 1953 Comp., § 75-38-61, enacted by Laws 1967, ch. 156, § 61.
NM Stat § 72-17-62 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-62 - Lost or destroyed securities.

If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing, to the satisfaction of the board: A. proof of ownership; B. proof of loss or destruction; C. a surety bond in twice the face amount of the security and any coupons; and D. payment of the cost of preparing and issuing the new security. History: 1953 Comp., § 75-38-62, enacted by Laws 1967, ch. 156, § 62. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 298.
NM Stat § 72-17-63 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-63 - Execution of securities.

Any security shall be executed in the name of and on behalf of the authority and signed by the chairman of the board, with the seal of the authority affixed thereto and attested by the secretary of the authority. History: 1953 Comp., § 75-38-63, enacted by Laws 1967, ch. 156, § 63. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 186 to 189. 11 C.J.S. Bonds § 14.
NM Stat § 72-17-64 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-64 - Interest coupons.

Except for any bonds which are registrable for payment of interest, interest coupons payable to bearer and appertaining to the bonds shall be issued and shall bear the original or facsimile signature of the chairman of the board. History: 1953 Comp., § 75-38-64, enacted by Laws 1967, ch. 156, § 64. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 444.
NM Stat § 72-17-65 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-65 - Facsimile signatures.

Any of said officers, after filing with the secretary of state his manual signature certified by him under oath, may execute or cause to be executed with a facsimile signature in lieu of his manual signature any security herein authorized; provided, that such a filing is not a condition of execution with a facsimile signature of any interest coupon and provided that at least one signature required or permitted to be placed on each such security, excluding any interest coupon, shall be manually subscribed. An officer's facsimile signature has the same legal effect as his manual signature. History: 1953 Comp., § 75-38-65, enacted by Laws 1967, ch. 156, § 65. ANNOTATIONSCross references. — For Uniform Facsimile Signature of Public Officials Act, see Chapter 6, Article 9 NMSA 1978.
NM Stat § 72-17-66 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-66 - Facsimile seal.

The secretary of the authority may cause the seal of the district to be printed, engraved, stamped or otherwise placed in facsimile on any security. The facsimile seal has the same legal effect as the impression of the seal. History: 1953 Comp., § 75-38-66, enacted by Laws 1967, ch. 156, § 66.
NM Stat § 72-17-67 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-67 - Signatures of predecessors in office.

The securities and any coupons bearing the signatures of the officers in office at the time of the signing thereof shall be valid and binding obligations of the authority, notwithstanding that before the delivery thereof and payment therefor, any or all of the persons whose signatures appear thereon shall have ceased to fill their respective offices. History: 1953 Comp., § 75-38-67, enacted by Laws 1967, ch. 156, § 67. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 190.
NM Stat § 72-17-68 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-68 - Facsimile signatures of predecessors.

Any officer herein authorized or permitted to sign any security or interest coupon, at the time of its execution and of the execution of a signature certificate, may adopt as and for his own facsimile signature the facsimile signature of his predecessor in office in the event that such facsimile signature appears upon the security or coupons appertaining thereto, or upon both the security and such coupons. History: 1953 Comp., § 75-38-68, enacted by Laws 1967, ch. 156, § 68.
NM Stat § 72-17-69 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-69 - Repurchase of securities.

The securities may be repurchased by the authority out of any funds available for such purpose from the project to which they pertain at a price of not more than the principal amount thereof and accrued interest, plus the amount of the premium, if any, which might on the next redemption date of such securities be paid to the holders thereof if such securities should be called for redemption on such date pursuant to their terms, and all securities so purchased shall be cancelled. History: 1953 Comp., § 75-38-69, enacted by Laws 1967, ch. 156, § 69. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 251. 11 C.J.S. Bonds § 54; 64 C.J.S. Municipal Corporations § 1954.
NM Stat § 72-17-70 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-70 - Customary provisions.

The resolution authorizing the securities or other instrument appertaining thereto may contain any agreement or provision customarily contained in instruments securing securities, including without limiting the generality of the foregoing, covenants designated in Section 76 [72-17-76 NMSA 1978] hereof. History: 1953 Comp., § 75-38-70, enacted by Laws 1967, ch. 156, § 70.
NM Stat § 72-17-71 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-71 - Sale of securities.

Any securities herein authorized, except for warrants not issued for cash, and except for temporary bonds issued pending preparation of definitive bond or bonds, shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the board's option, below par at a discount not exceeding five percent of the principal amount thereof and at a price which will not result in a net interest cost to the authority of more than six percent per annum computed to maturity according to standard tables of bond values. History: 1953 Comp., § 75-38-71, enacted by Laws 1967, ch. 156, § 71. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 218, 228. 64 C.J.S. Municipal Corporations § 1930.
NM Stat § 72-17-72 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-72 - Sale discount or commission prohibited.

No discount, except as hereinabove provided, or commission shall be allowed or paid on or for any security sale to any purchaser or bidder, directly or indirectly; but nothing herein contained shall be construed as prohibiting the board from employing legal, fiscal, engineering and other expert services in connection with any project or facilities herein authorized and with the authorization, issuance and sale of securities. History: 1953 Comp., § 75-38-72, enacted by Laws 1967, ch. 156, § 72. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 230, 235. 64 C.J.S. Municipal Corporations § 1932.
NM Stat § 72-17-73 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-73 - Application of proceeds.

All moneys received from the issuance of any securities herein authorized shall be used solely for the purpose or purposes for which issued and the cost of any project thereby delineated. Any accrued interest and any premium shall be applied to the payment of the interest on or the principal of the securities, or both interest and principal, or shall be deposited in a reserve therefor, as the board may determine. History: 1953 Comp., § 75-38-73, enacted by Laws 1967, ch. 156, § 73.
NM Stat § 72-17-74 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-74 - Use of unexpended proceeds.

Any unexpended balance of such security proceeds remaining after the completion of the acquisition or improvement and equipment of the project or the completion of the purpose or purposes for which such securities were issued shall be paid immediately into the fund created for the payment of the principal of said securities and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor. History: 1953 Comp., § 75-38-74, enacted by Laws 1967, ch. 156, § 74.
NM Stat § 72-17-75 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-75 - Validity unaffected by use of proceeds.

The validity of said securities shall not be dependent [on] nor affected by the validity or regularity of any proceedings relating to the acquisition or improvement and equipment of the project or the proper completion of any project for which the securities are issued. The purchaser or purchasers of the securities shall in no manner be responsible for the application of the proceeds of the securities by the authority or any of its officers, agents and employees. History: 1953 Comp., § 75-38-75, enacted by Laws 1967, ch. 156, § 75. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 72-17-76 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-76 - Covenants in security proceedings.

Any resolution or trust indenture authorizing the issuance of securities or any other instrument appertaining thereto may contain covenants and other provisions notwithstanding such covenants and provisions may limit the exercise of powers conferred hereby, in order to secure the payment of such securities, in agreement with the holders and owners of such securities, as the board may determine, including without limiting the generality of the foregoing, all such acts and things as may be necessary or convenient or desirable in order to secure the authority's securities, or in the discretion of the board tend to make the securities more marketable, notwithstanding that such covenant, act or thing may not be enumerated herein, it being the intention hereof to give the authority power to do all things in the issuance of securities and for their security except as herein specifically limited. History: 1953 Comp., § 75-38-76, enacted by Laws 1967, ch. 156, § 76. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 199.
NM Stat § 72-17-77 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-77 - Remedies of security holders.

Subject to any contractual limitation binding upon the holders of any issue or series of securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of securities similarly situated: A. by mandamus or other suit, action or proceeding at law or in equity to enforce his rights against the authority and its board and any of its officers, agents, and employees, and to require and compel the authority or its board or any such officers, agents or employees to perform and carry out its and their duties, obligations or other commitments hereunder and its and their covenants and agreements with the holder of any security; B. by action or suit in equity to require the authority and its board to account as if they were the trustee of an express trust; C. by action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any system, or project or services, revenues from which are pledged for the payment of the securities; prescribe sufficient fees derived from the operation thereof; and collect, receive and apply all revenues or other moneys pledged for the payment of the securities in the same manner as the authority itself might do in accordance with the obligations of the authority; D. by action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any security and to bring suit thereupon. History: 1953 Comp., § 75-38-77, enacted by Laws 1967, ch. 156, § 77. ANNOTATIONSCross references. — For one form of action known as "civil action," see Rule 1-002 NMRA. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations §§ 485 to 491. 64 C.J.S. Municipal Corporations §§ 1956, 1972.
NM Stat § 72-17-78 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-78 - Limitations upon liabilities.

Neither the directors nor any person executing securities issued hereunder shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to this act [Chapter 72, Article 17 NMSA 1978] shall not be in any way a debt or liability of the state or of any municipality or other public body and shall not create or constitute any indebtedness, liability or obligation of the state or of any such municipality or other public body, either legal, moral or otherwise, and nothing in this act contained shall be construed to authorize the authority to incur any indebtedness on behalf of or in any way to obligate the state or any municipality or other public body, except the authority and except as herein otherwise expressly stated or necessarily implied. History: 1953 Comp., § 75-38-78, enacted by Laws 1967, ch. 156, § 78. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — Personal liability of public officers to holders of invalid public money obligations, 87 A.L.R. 273. 94 C.J.S. Waters § 331.
NM Stat § 72-17-79 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 17 - Las Cruces Metropolitan Arroyo Flood Control|Section 72-17-79 - Cancellation of paid securities.

Whenever the treasurer of the authority shall redeem and pay any of the securities issued under the provisions hereof, he shall cancel the same by writing across the face thereof or stamping thereon the word "paid," together with the date of its payment, sign his name thereto, and transmit the same to the secretary of the authority, taking his receipt therefor, which receipt shall be filed in the records of the authority. The secretary shall credit the treasurer on his books for the amount so paid. History: 1953 Comp., § 75-38-79, enacted by Laws 1967, ch. 156, § 79. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 94 C.J.S. Waters § 330.