Section 21-3-31 – [Use of name “eastern New Mexico university” authorized; exceptions.]
For all purposes excepting suits, state lands, funds and appropriations the name “eastern New Mexico university” is hereby authorized for use in lieu of the name eastern New Mexico normal school. History: 1953 Comp., § 73-22-37, enacted by Laws 1955, ch. 38, § 1. ANNOTATIONS Bracketed material. — The bracketed material was inserted by the […]
Section 21-3-25 – [Restrictions on use of New Mexico highlands university bond proceeds.]
That none of the funds derived from the sale of bonds issued under the provisions of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978], except so much thereof as shall be necessary to defray the costs of the issuance thereof and the accrued interest from the date thereof to the time of delivery, shall […]
Section 21-3-26 – [State board of finance approval of New Mexico highlands university bonds.]
That no bonds shall be finally issued and sold under the provisions of this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978] until the approval of such issue shall have been had by the majority vote of the state board of finance in a regular or called meeting. History: Laws 1941, ch. 208, § 14; […]
Section 21-3-27 – [Lien of New Mexico highlands university bonds.]
All bonds of the same issue under this act [21-3-13, 21-3-14, 21-3-16 to 21-3-28 NMSA 1978] shall have a prior and paramount lien upon the income from the permanent funds and upon the income and current fund of the institution by which said bonds were issued, under and ahead of all bonds of any series […]
Section 21-3-28 – [Refunding bonds issued by New Mexico highlands university.]
That where bonds heretofore issued by New Mexico normal university [New Mexico highlands university] are held by the state treasurer and which were purchased with the permanent funds of such institution and held for its account, and which by their terms are not now subject to call for the retirement or refunding, the board of […]
Section 21-3-29 – [Eastern New Mexico university; establishment.]
Pursuant to Section 12 of Article XII of the constitution of New Mexico, there is hereby created, located and established at Portales, Roosevelt county, New Mexico, the institution of learning to be known as the eastern New Mexico normal school [eastern New Mexico university]; said normal school shall be entitled to all of the benefits […]
Section 21-3-30 – [Board of regents of eastern New Mexico university; appointment, qualifications and terms of members; powers.]
The governor is hereby authorized and empowered to appoint a board of regents for the eastern New Mexico normal school [eastern New Mexico university] at Portales, New Mexico, by and with the advice and consent of the senate, consisting of five members, no more than three of whom shall be of the same political party, […]
Section 21-3-15 – Bonds; form; conditions.
Bonds issued pursuant to Chapter 21, Article 3 NMSA 1978 shall be in such form and denominations as the board determines, due and payable not later than fifty years from date of issue. The bonds shall be payable in consecutive order commencing not later than two years from date of issue. History: 1978 Comp., § […]
Section 21-3-16 – [Sale of New Mexico highlands university bonds; purchase by state treasurer; acceptance by public officials.]
That said bonds may be sold at public or private sale, in the discretion of the board of regents, provided, however, that no sale shall be made for less than the par value of the bonds, plus accrued interest from the last preceding interest date to the date of delivery of said bonds. Before delivery […]
Section 21-3-17 – [Disposition of proceeds of New Mexico highlands university bonds; building and improvement fund; interest and retirement fund; disbursement; sale expenses.]
That the proceeds from the sale of said bonds shall be paid to the secretary and treasurer of the board of regents issuing same, and shall by such secretary and treasurer be placed in a separate fund to be known as “building and improvement fund” to be used and paid out only for the specific […]