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, […]
Section 16-6-31 – [Ownership and maintenance of real and personal property.]
It shall hereafter be lawful for counties of this state to own, maintain, operate and sell, real and personal property for the purpose of maintaining and conducting county fairs for the teaching and advancement of agricultural, horticultural and domestic arts, and the breeding and improvement of neat cattle, horses, sheep, goats and hogs. History: Laws […]
Section 16-6-32 – Advisory committee created; appointments; staggered terms of members; duties.
A. The “African American performing arts center advisory committee” is created and is administratively attached to the state fair commission. B. The committee shall consist of five members, including: (1) two members from the African American performing arts center foundation appointed by the executive director of the African American performing arts center and exhibit hall; […]
Section 16-6-18 – Moneys of New Mexico state fair.
No moneys derived from the sale of the bonds or otherwise borrowed by such institution under provisions of this act [16-6-13 to 16-6-22 NMSA 1978], shall be required to be paid into the state treasury but shall be deposited by the treasurer or other fiscal officer of the New Mexico state fair in a separate […]
Section 16-6-19 – Validity of bonds.
The bonds bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor any or all the persons whose signatures appear thereon shall have ceased to be commissioners. The validity of the bonds shall not be dependent […]
Section 16-6-20 – Prohibitions against obligating state of New Mexico.
Nothing in this act [16-6-13 to 16-6-22 NMSA 1978] contained shall be construed to authorize New Mexico state fair to contract a debt on behalf of, or in any way to obligate, the state of New Mexico. History: Laws 1935, ch. 69, § 8; 1941 Comp., § 48-2119; 1953 Comp., § 45-20-19.
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, […]