Section 4-48A-23 - Resolution authorizing revenue bonds. - New Mexico Statutes

4-48A-23. Resolution authorizing revenue bonds.

At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Special Hospital District Act [Chapter 4, Article 48A NMSA 1978], the board of trustees may adopt a resolution that:   

A.     declares the necessity for issuing revenue bonds;   

B.     authorizes the issuance of revenue bonds by an affirmative vote of a majority of all the members of the board of trustees of the special hospital district; or   

C.     designates the source of the pledge [pledged] revenues.