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Home » US Law » 2021 New Mexico Statutes » Chapter 4 - Counties » Article 49 - Bonds for Courthouses, Jails, Bridges, Hospitals and Libraries

Section 4-49-1 – Bonds for remodeling and making additions.

Bonds may be issued under the provisions of Sections 4-49-1 through 4-49-21 NMSA 1978 for the purpose of remodeling and making additions to necessary public buildings and for water, sewer or sanitary landfill systems and airports under the same conditions as provided for issuance of bonds for constructing them. Provided, however, that no money derived […]

Section 4-49-10 – [Conduct of election.]

All such elections as herein provided for shall be held at the usual place of voting in such county, and shall be conducted by the officers or persons provided by law for the holding of ordinary or general elections in any such county, such election to be in all respects governed by, and the result […]

Section 4-49-11 – [Ballots.]

The vote at all such elections shall be by ballot, on tickets or ballots having written or printed words, “For courthouse bonds,” or “Against,” [or] any other work of improvement for which bonds are to be voted, as the case may be. History: Laws 1891, ch. 83, § 6; C.L. 1897, § 354; Code 1915, […]

Section 4-49-12 – [Qualifications of voters.]

All qualified electors under the laws of this state who are property taxpayers shall be entitled to vote at all elections provided by this article. History: Laws 1891, ch. 83, § 7; C.L. 1897, § 355; Code 1915, § 1162; C.S. 1929, § 33-3907; 1941 Comp., § 15-4608; 1953 Comp., § 15-49-11. ANNOTATIONS Cross references. […]

Section 4-49-13 – [Stream on county boundary; bridge bonds.]

When any two counties are separated by a stream of water, and it is desired to bridge such stream, such counties may join in the construction of the same, and the county commissioners of the aforesaid counties shall determine the proportionate share of bonds to be issued by each, and each county shall bear its […]

Section 4-49-15 – [Contracts authorized.]

The said county commissioners of any county are hereby fully authorized and empowered to enter into any and all contracts necessary to carry into effect the provisions of this article. History: Laws 1891, ch. 83, § 10; C.L. 1897, § 358; Code 1915, § 1165; C.S. 1929, § 33-3910; 1941 Comp., § 15-4611; 1953 Comp., […]

Section 4-49-16 – [Registration of bonds.]

The county commissioners of any county issuing such bonds shall make a registration thereof in a book to be kept for that purpose, showing the date, amount, number [and] maturity of such bonds, and if issued for the building of a courthouse or a jail or a bridge, what bridge or other work of internal […]

Section 4-49-17 – [Tax levy for payment of bonds.]

It shall be the duty of the board of county commissioners to ascertain from the assessment books of the county the amount of assessed taxable property in each county having issued bonds, and what percentage thereof is required to be levied to pay said amount, and when so ascertained, shall levy such percentage upon the […]

Section 4-49-19 – [Redemption; notice; cancellation.]

It shall be the duty of the county treasurer to keep the interest and sinking fund account of the county separate and distinct, and when there are sufficient funds in his hands to the credit of the redemption fund to pay in full the principal and interest of any such bonds issued under this article […]

Section 4-49-21 – [Failure to levy tax; mandamus.]

If for any cause the board of county commissioners or county clerk, or other authority of any county who is by law charged with the levying of taxes or placing the same upon the tax books, shall fail or neglect to make such levy or place the same in the tax books at the time […]

Section 4-49-4 – Bonds for courthouses, jails and bridges.

The bonds authorized in Chapter 4, Article 49 NMSA 1978 to be issued shall be in such form and shall be payable at such place or places as the board of county commissioners may direct, with interest payable semiannually at the same place or places where the principal is made payable. The bonds, except for […]

Section 4-49-5 – [Election necessary.]

That before any bonds shall be issued under this article, the same shall be ordered by a vote of the qualified electors of such county, in the same manner hereinafter provided. History: Laws 1891, ch. 83, § 3; C.L. 1897, § 351; Code 1915, § 1158; C.S. 1929, § 33-3903; 1941 Comp., § 15-4603; 1953 […]

Section 4-49-6 – Legislative declaration; necessary public buildings and public projects.

The legislature declares that courthouses, jails, bridges, hospitals, public libraries, facilities for the holding of county fairs, cultural facilities, juvenile detention homes, athletic facilities, parking structures, administrative facilities, facilities for housing equipment, repairing equipment and servicing equipment and sewerage facilities are necessary public buildings, and the purchase of books or other library resources, construction or […]

Section 4-49-7 – General obligation bonds; authority to issue.

The boards of county commissioners may issue the general obligation bonds of the county in any sum necessary, not greater than four percent, inclusive of all other bonded indebtedness, of the assessed value of the taxable property of the county, for the purpose of building courthouses, jails, bridges, hospitals, public libraries, facilities for the holding […]