Bonds; mortgages
NMSA 1978, § 22-19-4
in effect22-19-4. Bonds; mortgages
A. A local school board may issue bonds or other special obligations to finance the repayment of all money borrowed for an income project pursuant to the School Revenue Bond Act.
B. A local school board may execute a mortgage, deed of trust or a security agreement upon the income project to secure payment of any bonds or other special obligations issued pursuant to the School Revenue Bond Act.
1953 Comp., § 77-16-4, enacted by Laws 1967, ch. 16, § 243.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do#!b/22-19-4Fetched: 10/20/2026
