Except for securities issued in book entry or similar form without the delivery of physical securities, securities shall be executed and signed by the chairman, with the seal of the district affixed thereto and attested by the secretary. Except for any bonds which are registrable for payment of interest, interest coupons payable to bearer and appertaining to the bonds shall be issued and shall bear the original or facsimile signature of the chairman. History: Laws 1981, ch. 377, § 57; 1983, ch. 265, § 53. The 1983 amendment added "Except for securities issued in book entry or similar form without the delivery of physical securities" at the beginning of the first sentence and deleted "in the name and on behalf of the district issuing the securities" following "shall be executed" in the first sentence.
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.