6-12-10. [Validity.]
83 words·~1 min read·
/nm/chapter-6-public-finances/article-12-state-indebtedness/6-12-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The said bonds signed, countersigned, endorsed and sealed as provided in this act [6-12-6 to 6-12-14 NMSA 1978], and coupons thereto attached, when sold, shall constitute a valid and binding obligation upon the state of New Mexico, although the sale thereof be made at a date or dates after the persons so signing, countersigning and endorsing same shall have ceased to be the incumbents of their respective offices.
History: Laws 1935, ch. 4, § 5; 1941 Comp., § 7-510; 1953 Comp., § 11-5-10.