New Mexico Code § 72-17-82

Method of issuance
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Any bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds authorized to be refunded or may be sold as provided in this act [Chapter 72, Article 17 NMSA 1978] for the sale of other bonds.
History: 1953 Comp., § 75-38-82, enacted by Laws 1967, ch. 156, § 82.

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