5-7-6. Ordinance authorizing fire district bonds; two-thirds majority
87 words·~1 min read·
/nm/chapter-5-municipalities-and-counties/article-7-fire-district-bonds/5-7-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
required.
A. At a regular or special meeting called for the purpose of issuing fire district bonds as authorized in Section 3 [5-7-3 NMSA 1978] of the Fire District Bond Act, the governing body may adopt an ordinance that:
(1)declares the necessity for issuing fire district bonds;
(2)authorizes the issuance of fire district bonds by an affirmative vote of two- thirds of all the members of the governing body; and
(3)designates the source of the pledged revenues.
History: Laws 1983, ch. 162, § 6.