Section 5-4-13 - Ordinance or resolution issuing bonds; validation. - New Mexico Statutes

5-4-13. Ordinance or resolution issuing bonds; validation.

At any regular or special meeting called for the purpose of issuing recreational revenue bonds, the governing body of the municipality or H-class county by ordinance, or board of county commissioners of a county, by resolution, each adopted by a two-thirds vote of all the members of the governing body or board of county commissioners, whichever is applicable, may issue recreational revenue bonds authorized in Section 5-4-10 NMSA 1978. The revenue bonds shall be:   

A.     signed by the presiding officer of the governing body of the municipality or board of county commissioners;   

B.     attested by the municipal clerk or county clerk;   

C.     validated by the seal of the municipality or county; or the revenue bonds may be authenticated as provided under the Uniform Facsimile Signature of Public Officials Act [6-9-6 NMSA 1978]; and   

D.     if such bonds bear coupons, the coupons shall bear the facsimile signature of the treasurer of the municipality or county.