Section 5-7-6 - Ordinance authorizing fire district bonds; two-thirds majority required. - New Mexico Statutes

5-7-6. Ordinance authorizing fire district bonds; two-thirds majority 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.