The object of the New Mexico school of mines [New Mexico institute of mining and technology] is to furnish facilities for the education of such persons as may desire to receive instruction in chemistry, metallurgy, mineralogy, geology, mining, milling, engineering, mathematics, mechanics, drawing, the fundamental laws of the United States, and the rights and duties […]
The board of regents shall have power to confer such degrees and grant such diplomas as are usually conferred and granted by other similar schools. History: Laws 1889, ch. 138, § 35; C.L. 1897, § 3600; Code 1915, § 5146; C.S. 1929, § 130-1108; 1941 Comp., § 55-2608; 1953 Comp., § 73-27-10. ANNOTATIONS Bracketed material. […]
The regents shall have power to remove any officer, tutor or instructor, or employee connected with said school [New Mexico institute of mining and technology], when in their judgment the best interests of said school [institute] require it. History: Laws 1889, ch. 138, § 36; C.L. 1897, § 3601; Code 1915, § 5147; C.S. 1929, […]
The board of regents shall require such compensation for all assays, analyses, mill tests or other services performed by said institution as they [it] may deem reasonable, and the same shall be collected and paid into the treasury of the school of mines [New Mexico institute of mining and technology] for said institution, and an […]
The New Mexico school of mines [New Mexico institute of mining and technology] shall be the state school of mines. History: Laws 1889, ch. 138, § 39; C.L. 1897, § 3604; Code 1915, § 5150; C.S. 1929, § 130-1112; 1941 Comp., § 55-2611; 1953 Comp., § 73-27-13. ANNOTATIONS Bracketed material. — The bracketed material was […]
The New Mexico school of mines [New Mexico institute of mining and technology] shall, in addition to the course now provided for, maintain a preparatory department. History: Laws 1895, ch. 2, § 6; C.L. 1897, § 3605; Code 1915, § 5151; C.S. 1929, § 130-1113; 1941 Comp., § 55-2612; 1953 Comp., § 73-27-14. ANNOTATIONS Bracketed […]
For the purpose of erecting, altering, improving, furnishing or equipping any necessary buildings at the New Mexico school of mines [New Mexico institute of mining and technology], or for acquiring any necessary land for the use of said school [institute], or both, or for the purpose of acquiring lands and buildings for use as a […]
Whenever the said board, by affirmative vote of a majority of its members, duly entered in the minutes of said board, shall, by resolution, determine that it is necessary to erect, alter, improve, furnish or equip any building or buildings at said school [New Mexico institute of mining and technology], or acquire any land for […]
Bonds of the New Mexico institute of mining and technology issued pursuant to Chapter 21, Article 11 NMSA 1978 shall be in such form and denominations as the board of regents of the institute shall determine, due and payable not later than twenty-five years from date of issue. The bonds shall be payable in consecutive […]
The regents shall offer said bonds for sale after publication of notice of the time and place of sale, in some newspaper of general circulation in Albuquerque, New Mexico, once each week for four (4) consecutive weeks prior to the date fixed for said sale. Such notice shall specify the amount, denomination, maturity dates and […]
The proceeds from the sale of said bonds shall be paid to the secretary and treasurer of said regents, and shall be placed in a separate fund to be known as “permanent improvement fund” to be used and paid out only for the specified purposes enumerated in this act [21-11-15, 21-11-16, 21-11-18 to 21-11-26 NMSA […]
Except for financial transactions the use of the name “New Mexico institute of mining and technology” is hereby permitted in lieu of the name “New Mexico school of mines” for common convenience. History: 1941 Comp., § 55-2601a, enacted by Laws 1951, ch. 46, § 1; 1953 Comp., § 73-27-2. ANNOTATIONS Bracketed material. — The bracketed […]
At the time of issuing said bonds the regents shall establish for the payment of the principal and interest thereof a fund to be known as “interest and retirement fund” into which fund said regents shall immediately place a sum not less than the amount necessary to pay the interest and maturing principal of said […]
For the faithful and prompt payment of all interest and principal of said bonds as and when the same shall mature according to the tenor thereof, the issue thereof shall constitute an irrevocable pledge by said regents of so much of each year’s income from the permanent fund of the New Mexico school of mines […]
The secretary and treasurer of said regents shall forward to the bank at which said bonds are payable, prior to the date on which any coupons or principal of any of said bonds shall mature, out of the “interest and retirement fund” a sufficient sum of money to meet said coupons and maturing bonds as […]
None of the funds derived from the sale of said bonds, except so much thereof as shall be necessary to defray the cost of the issuance thereof, shall ever be used or expended by said board for any purposes other than those for which authority is herein given. History: 1941 Comp., § 55-2621, enacted by […]
The state treasurer of the state of New Mexico shall forward and pay over to the secretary and treasurer of said board of regents out of the income from the permanent funds of said school [New Mexico institute of mining and technology], a sum sufficient to make and establish the interest and retirement fund, as […]
Each series of bonds issued under the authority of this act [21-11-15, 21-11-16, 21-11-18 to 21-11-26 NMSA 1978] shall be designated by the letters “A,” “B” and so forth, to the end that each series shall be kept separate, and all of the requirements of this act shall apply to and shall be faithfully followed, […]
Bonds issued under the provisions of this act [21-11-15, 21-11-16, 21-11-18 to 21-11-26 NMSA 1978] shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. History: 1941 Comp., § 55-2624, enacted by Laws 1947, ch. 119, § 12; 1953 Comp., § 73-27-26. ANNOTATIONS Bracketed material. — The bracketed […]
ANNOTATIONS Repeals. — Laws 2001, ch. 185, § 1 repealed 21-11-27 NMSA 1978, as enacted by Laws 1947, ch. 119, § 13, relating to classroom facilities outside the city of Socorro, effective June 15, 2001. For provisions of former section, see the 2000 NMSA 1978 on NMOneSource.com.
