Section 74-10-55 – Other security details.
Securities may be issued in such manner, in such form, with such recitals, terms, covenants and conditions and with such other details as may be provided by the board in the resolution authorizing the securities, or other instrument appertaining thereto, except as otherwise provided in the Solid Waste Authority Act. History: Laws 1993, ch. 319, […]
Section 74-10-56 – Reissuance of securities.
Any resolution authorizing the issuance of securities or any other instrument appertaining thereto may provide for their reissuance in other denominations in negotiable or nonnegotiable form and otherwise in such manner and form as the board may determine. History: Laws 1993, ch. 319, § 56.
Section 74-10-57 – Negotiability.
Subject to the payment provisions specifically provided in the Solid Waste Authority Act, the notes, warrants, bonds, any interest coupons thereto attached, temporary bonds and interim debentures shall be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code [Chapter 55 NMSA 1978] except as the board may otherwise […]
Section 74-10-58 – Single bonds.
Notwithstanding any other provision of law, the board in any proceedings authorizing securities under the Solid Waste Authority Act: A. may provide for the initial issuance of one or more securities, in this section called “bond”, aggregating the amount of the entire issue or a designated portion thereof; B. may make such provision for installment […]
Section 74-10-59 – Lost or destroyed securities.
If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing to the satisfaction of the board: A. proof of ownership; B. proof of loss or destruction; C. a surety bond in twice the face amount of the security and any […]
Section 74-10-60 – Execution of securities.
Any security shall be executed in the name of and on behalf of the authority and signed by the chairman, with the seal of the authority affixed thereto and attested by the secretary, except for securities issued in book entry or similar form without the delivery of physical securities. History: Laws 1993, ch. 319, § […]
Section 74-10-45 – Additionally secured securities.
The board, in connection with such additionally secured securities, in the resolution authorizing their issuance or other instrument appertaining thereto, may pledge all or a portion of such revenues, subject to any prior pledges, as additional security for such payment of such securities, and at its option may deposit such revenues in a fund created […]
Section 74-10-46 – Pledge of revenues.
Any such revenues pledged directly or as additional security for the payment of securities of any one issue or series, which revenues are not exclusively pledged therefor, may subsequently be pledged directly or as additional security for the payment of the securities of one or more issue or series subsequently authorized. History: Laws 1993, ch. […]
Section 74-10-47 – Ranking among different issues.
All securities of the same issue or series shall, subject to the prior and superior rights of outstanding securities, claims and other obligations, have a prior, paramount and superior lien on the revenues pledged for the payment of the securities over and ahead of any lien thereagainst subsequently incurred of any other securities; provided, however, […]
Section 74-10-48 – Ranking among securities of same issue.
All securities of the same issue or series shall be equally and ratably secured without priority by reason of number, date of maturity, date of securities, of sale, of execution or of delivery, by a lien on such revenues in accordance with the provisions of the Solid Waste Authority Act and the resolution authorizing, or […]