reglab/housing_qa huggingface dataset:
NM Stat § 72-19-62 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-62 - 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: Laws 1990, ch. 14, § 62.
NM Stat § 72-19-63 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-63 - Execution of securities.

Any security shall be executed in the name of and on behalf of the authority and signed by the chairman, with the seal of the authority affixed thereto and attested by the secretary, except for securities issued in book entry or similar form without the delivery of physical securities. History: Laws 1990, ch. 14, § 63.
NM Stat § 72-19-64 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-64 - 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. History: Laws 1990, ch. 14, § 64.
NM Stat § 72-19-65 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-65 - Facsimile signatures.

Any of the 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 authorized in the Southern Sandoval County Arroyo Flood Control Act; 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: Laws 1990, ch. 14, § 65.
NM Stat § 72-19-66 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-66 - Facsimile seal.

The secretary 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: Laws 1990, ch. 14, § 66.
NM Stat § 72-19-67 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-67 - Signatures of predecessors in office.

The securities and any coupons bearing the signatures of the officers in office at the time of the signing shall be the 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 on those securities or coupons shall have ceased to fill their respective offices. History: Laws 1990, ch. 14, § 67.
NM Stat § 72-19-68 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-68 - Facsimile signatures of predecessors.

Any officer authorized or permitted in the Southern Sandoval County Arroyo Flood Control Act 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: Laws 1990, ch. 14, § 68.
NM Stat § 72-19-69 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-69 - 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 repurchased shall be canceled. History: Laws 1990, ch. 14, § 69.
NM Stat § 72-19-70 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-70 - 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 [72-19-76 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 70.
NM Stat § 72-19-71 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-71 - Sale of securities.

Any securities authorized in the Southern Sandoval County Arroyo Flood Control Act, 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 at, above or below par at a net effective interest rate not exceeding the maximum net effective interest rate permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978], as amended and supplemented by the Southern Sandoval County Arroyo Flood Control Act. History: Laws 1990, ch. 14, § 71.
NM Stat § 72-19-72 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-72 - Sale discount or commission prohibited.

No discount, except as provided by the Southern Sandoval County Arroyo Flood Control Act, or commission shall be allowed or paid on or for any security sale to any purchaser or bidder, directly or indirectly, but nothing contained in that act shall be construed as prohibiting the board from employing legal, fiscal, engineering and other expert services in connection with any project or facilities authorized in that act and with the authorization, issuance and sale of securities. History: Laws 1990, ch. 14, § 72.
NM Stat § 72-19-73 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-73 - Application of proceeds.

All money received from the issuance of any securities authorized in the Southern Sandoval County Arroyo Flood Control Act shall be used solely for the purpose 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: Laws 1990, ch. 14, § 73.
NM Stat § 72-19-74 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-74 - 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 for which such securities were issued shall be paid immediately into the fund created for the payment of the principal of such 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: Laws 1990, ch. 14, § 74.
NM Stat § 72-19-75 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-75 - Validity unaffected by use of proceeds.

The validity of such 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: Laws 1990, ch. 14, § 75.
NM Stat § 72-19-76 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-76 - 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 by the Southern Sandoval County Arroyo Flood Control Act) 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 in that act, it being the intention of that act to give the authority power to do all things in the issuance of securities and for their security except as specifically limited in that act. History: Laws 1990, ch. 14, § 76.
NM Stat § 72-19-77 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-77 - Remedies of security holders.

Subject to any contractual limitations 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 the board and any of its officers, agents and employees, and to require and compel the authority or the board or any such officers, agents or employees to perform and carry out its and their duties, obligations or other commitments under the Southern Sandoval County Arroyo Flood Control Act 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 the 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 money 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; and 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: Laws 1990, ch. 14, § 77.
NM Stat § 72-19-78 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-78 - Limitations upon liabilities.

Neither the directors nor any person executing securities issued under the Southern Sandoval County Arroyo Flood Control Act shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to that act 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 contained in that act 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 otherwise expressly stated or necessarily implied in that act. History: Laws 1990, ch. 14, § 78.
NM Stat § 72-19-79 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-79 - Cancellation of paid securities.

Whenever the treasurer shall redeem and pay any of the securities issued under the provisions of the Southern Sandoval County Arroyo Flood Control Act, 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, 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: Laws 1990, ch. 14, § 79.
NM Stat § 72-19-80 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-80 - Interest after maturity.

No interest shall accrue on any security in the Southern Sandoval County Arroyo Flood Control Act authorized after it becomes due and payable; provided funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to the paying agent for such payment without default. History: Laws 1990, ch. 14, § 80.
NM Stat § 72-19-81 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-81 - Refunding bonds.

Any bonds issued under the Southern Sandoval County Arroyo Flood Control Act may be refunded, without an election, but subject to provisions concerning their payment and to any other contractual limitations in the proceedings authorizing their issuance or otherwise appertaining thereto, pursuant to a resolution or resolutions to be adopted by the board in the manner provided in that act for the issuance of other securities, to refund, pay or discharge all or any part of the authority's outstanding bonds, heretofore or hereafter issued, including any interest thereon in arrears or about to become due, or for the purpose of reducing interest costs or effecting other economies or of modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds or any project, or any combination thereof. History: Laws 1990, ch. 14, § 81.
NM Stat § 72-19-82 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-82 - Method of issuance.

Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds authorized to be refunded or may be sold as provided in the Southern Sandoval County Arroyo Flood Control Act for the sale of other bonds. History: Laws 1990, ch. 14, § 82.
NM Stat § 72-19-83 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-83 - Limitations upon issuance.

No bonds may be refunded under the Southern Sandoval County Arroyo Flood Control Act unless the holders of the bonds voluntarily surrender them for exchange or payment or unless they either mature or are callable for prior redemption under their terms within ten years from the date of issuance of the refunding bonds. Provision shall be made for paying the bonds within that period of time. No maturity of any bonds refunded may be extended over fifteen years nor may any interest on the bonds be increased to any coupon rate exceeding the maximum net effective interest rate permitted by the Public Securities Act [6-14-1 to 6-14-3 NMSA 1978]. The principal amount of the refunding bonds may exceed the principal amount of the refunded bonds if the aggregate principal and interest costs of the refunding bonds do not exceed such unaccrued costs of the bonds refunded. The principal amount of the refunding bonds may also be less than or the same as the principal amount of the bonds refunded so long as provision is duly and sufficiently made for their payment. History: Laws 1990, ch. 14, § 83.
NM Stat § 72-19-84 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-84 - Use of refunding bond proceeds.

The proceeds of refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded or be placed in escrow to be applied to the payment of the bonds upon their presentation; provided, however, any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest or the principal or both interest and principal or may be deposited in a reserve therefor as the board may determine. The escrow shall not necessarily be limited to refunding bond proceeds but may include other money made available for such purpose. Any escrowed proceeds pending such use may be invested or reinvested in federal securities. Escrowed proceeds and investments, together with any interest to be derived from any such investment, shall be in an amount at all times sufficient as to principal, interest, any prior redemption premium due and any charges of the escrow agent payable therefrom to pay the bonds refunded as they become due at their respective maturities or due at designated prior redemption date or dates upon which the board shall exercise a prior redemption option. Upon establishment of an escrow in accordance with this section, the refunded bonds payable therefrom no longer constitute outstanding indebtedness of the authority. History: Laws 1990, ch. 14, § 84.
NM Stat § 72-19-85 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-85 - Payment of refunding bonds.

Refunding revenue bonds may be made payable from any revenues derived from the operation of the flood control system or any project, notwithstanding the pledge of such revenues for the payment of the outstanding bonds issued by the authority which are to be refunded is thereby modified. Any refunding revenue bonds shall not be made payable from taxes unless the bonds thereby refunded are payable from taxes. History: Laws 1990, ch. 14, § 85.
NM Stat § 72-19-86 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-86 - Combination of refunding and other bonds.

Bonds for refunding and bonds for any other purpose or purposes authorized in the Southern Sandoval County Arroyo Flood Control Act may be issued separately or issued in combination in one series or more. History: Laws 1990, ch. 14, § 86.
NM Stat § 72-19-87 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-87 - Supplemental provisions.

Except as specifically provided or necessarily implied in the Southern Sandoval County Arroyo Flood Control Act, the relevant provisions of that act pertaining to bonds generally shall be equally applicable in the authorization and issuance of refunding bonds, including their terms and security, the bond resolution, trust indenture, taxes and service charges and other aspects of the bonds. History: Laws 1990, ch. 14, § 87.
NM Stat § 72-19-88 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-88 - Board's determination final.

The determination of the board that the limitations imposed upon the issuance of refunding bonds under the Southern Sandoval County Arroyo Flood Control Act have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion. History: Laws 1990, ch. 14, § 88.
NM Stat § 72-19-89 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-89 - Issuance of interim debentures and pledge of bonds as collateral security.

Notwithstanding any limitation or other provision in the Southern Sandoval County Arroyo Flood Control Act, whenever a majority of the qualified electors of the authority voting on a proposal to issue bonds has authorized the authority to issue bonds for any purpose authorized in that act, the authority is authorized to borrow money without any other election in anticipation of taxes, the proceeds of the bonds or any other revenues of the authority, or any combination thereof, and to issue interim debentures to evidence the amount so borrowed. Interim debentures may mature at such time not exceeding a period of time equal to the estimated time needed to effect the purpose for which the bonds are so authorized to be issued, plus two years, as the board may determine. Except as otherwise provided in this section and in Sections 72-19-90 and 72-19-91 NMSA 1978, interim debentures shall be issued as provided in that act for securities in Sections 72-19-47 through 72-19-80 NMSA 1978. Taxes, other revenues of the authority, including without limiting the generality of the foregoing proceeds of bonds to be thereafter issued or reissued or bonds issued for the purpose of securing the payment of interim debentures may be pledged for the purpose of securing the payment of the interim debentures. Any bonds pledged as collateral security for the payment of any interim debentures shall mature at such time as the board may determine, but in no event exceeding forty years from the date of either any of such bonds or any of such interim debentures, whichever date is the earlier. Any such bonds pledged as collateral security shall not be issued in an aggregate principal amount exceeding the aggregate principal amount of the interim debenture secured by a pledge of such bonds nor shall they bear interest at any time which with any interest accruing at the same time on the interim debenture so secured exceeds six percent per year. History: Laws 1990, ch. 14, § 89; 1991, ch. 60, § 8. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, in the first sentence, substituted "the qualified electors" for "the taxpaying electors" and, in the third sentence, substituted "Sections 72-19-90 and 72-19-91 NMSA 1978" for "Sections 90 and 91 of the Southern Sandoval County Arroyo Flood Control Act" and "Sections 72-19-47 through 72-19-80 NMSA 1978" for "Sections 47 through 80 of that act".
NM Stat § 72-19-90 (2021)
2021 New Mexico Statutes|Chapter 72 - Water Law|Article 19 - Southern Sandoval County Flood Control|Section 72-19-90 - Interim debentures not to be extended.

No interim debenture issued pursuant to the provisions of Section 89 [72-19-89 NMSA 1978] of the Southern Sandoval County Arroyo Flood Control Act shall be extended or funded except by the issuance or reissuance of a bond or bonds in compliance with Section 91 [72-19-91 NMSA 1978] of that act. History: Laws 1990, ch. 14, § 90.