Section 16-6-21 – Bonds obligations of New Mexico state fair.
All bonds issued pursuant to this act [16-6-13 to 16-6-22 NMSA 1978] shall be obligations of the New Mexico state fair, and such bonds shall be payable in accordance with the terms thereof and shall not be obligations general, special or otherwise of the state of New Mexico. Such bonds shall not constitute a debt, […]
Section 16-6-22 – Supplemental nature of act, construction and purpose.
The powers conferred by this act [16-6-13 to 16-6-22 NMSA 1978] shall be in addition to and supplemental to the powers conferred by any other law, general or special. History: Laws 1935, ch. 69, § 11; 1941 Comp., § 48-2121; 1953 Comp., § 45-20-21.
Section 16-6-23 – [Eastern New Mexico state fair; purposes; exhibits.]
An annual eastern New Mexico state fair may be held in Chaves county, at which shall be exhibited livestock, poultry, vegetables, fruits, grains and other agricultural products, minerals, ores and other mining exhibits, machinery, farm implements and all other things which may be in the interest of advancing agricultural, horticultural, stock raising, mining, mechanical and […]
Section 16-6-24 – [Reorganization of Chaves county cotton carnival.]
The directors of the Chaves county cotton carnival, a nonprofit corporation organized and existing under and by virtue of the laws of the state of New Mexico, may by resolution accept the provisions of Section One [16-6-23 NMSA 1978] of this act and upon filing with the secretary of state a certified copy of such […]
Section 16-6-25 – [Authorization for holding of an annual bi-state fair in Curry county.]
That an annual bi-state fair may be held in Curry county, New Mexico, at which shall be exhibited livestock, poultry, vegetables, fruits, grains and other agricultural products; minerals, ores and other mining exhibits; machinery, farm implements and all other things which may be in the interest of advancing agricultural, horticultural, stock raising, mining, mechanical and […]
Section 16-6-26 – [Bi-state fair association.]
The directors of the Curry county fair association, a nonprofit corporation organized and existing by virtue of the laws of the state of New Mexico, may by resolution accept the provisions of this act [16-6-25 to 16-6-30 NMSA 1978] and upon filing with the secretary of state a certified copy of such resolution, is thereupon […]
Section 16-6-27 – [Bond issue election; ballot; notice; voters; sale of bonds.]
The board of county commissioners of Curry county, New Mexico, may submit to the voters of said county at any regular election or at any special election called for that purpose the question of issuing bonds in a sum not to exceed one hundred thousand dollars ($100,000) for the purpose of erecting a building or […]
Section 16-6-28 – [Declaration that bi-state fair association buildings are necessary public buildings.]
That the legislature of the state of New Mexico hereby declares that buildings of the bi-state fair association are necessary public buildings. History: 1941 Comp., § 48-2127, enacted by Laws 1947, ch. 152, § 4; 1953 Comp., § 45-20-27. ANNOTATIONS Bracketed material. — The bracketed material was inserted by the compiler and is not part […]
Section 16-6-29 – [Contesting validity of proceedings; limitation.]
Any person or corporation may institute in the district court of Curry county an action or suit to contest the validity of all proceedings taken including all acts prior or subsequent to said bond election, but no suit or action shall be maintained unless the same be instituted within ten days after the holding of […]
Section 16-6-30 – [Tax levy; redemption fund; procedure for redeeming bonds.]
Upon the issuance of bi-state fair association bonds the board of county commissioners shall forthwith levy a tax sufficient to pay the interest and to discharge said bonds, as and when same are due and payable. It shall be the duty of the county treasurer to keep said interest and redemption fund separate and distinct, […]