Section 73-14-58 - Six-year terms; vacancies; organization of board; transfer of property. - New Mexico Statutes

73-14-58. [Six-year terms; vacancies; organization of board; transfer of property.]

Each director shall be elected for a term of six years from and after the date of his election, and, unless removed from office as hereinafter provided, shall serve until his successor is duly elected and has qualified, provided that at the first election one director shall be elected for a term of two years, two for a term of four years and two for a term of six years, to be determined according to counties if there be land in any district in more than one county by the board calling the election. Appointments to fill vacancies shall be for the unexpired term of the director whose office becomes vacant.   

Within ten days after the first and each succeeding election to be held under the provisions of this act [73-14-54 to 73-14-69 NMSA 1978], the directors so elected shall meet and qualify as directors and shall organize the board of directors hereby created, in the same manner now by law required of members of the board of directors hereby abolished.   

When the elected directors shall have qualified and the boards of directors hereby created shall have been organized as aforesaid, then the present board of directors as now constituted shall immediately cease to exist and to function and all conservancy district records and property of what kind or character soever, shall be by the outgoing board and its outgoing directors, officers and employees, transferred and delivered unto the newly organized board of directors of said conservancy district.