The New Mexico school for the blind [New Mexico school for the blind and visually impaired] is intended and meant for the proper formal education of the blind of the state, and for the furtherance of such purpose to acquire land by purchase, gift or otherwise. History: Laws 1903, ch. 2, § 8; 1907, ch. […]
That for the purpose of erecting, altering, improving, furnishing and equipping any necessary buildings or structures at the New Mexico institute for the blind [New Mexico school for the blind and visually impaired], or acquiring any necessary land for the use of said institute or for the retiring of the whole or any part of […]
That whenever the said board, by the 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, structure or structures at said institute [school], or acquire any land for the […]
Bonds issued pursuant to Sections 21-5-12 through 21-5-23 NMSA 1978 shall be in such form and denominations as the board of trustees of the New Mexico school for the visually handicapped [New Mexico school for the blind and visually impaired] shall determine, due and payable not later than twenty years from date of issue. The […]
The board 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) successive 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 board, and shall be by him placed in a separate fund to be known as “permanent improvement fund” to be used and paid out only for the specified purposes in this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 […]
The board of regents shall at the time of issuing said bonds, establish for the payment of the principal and interest thereof a fund to be known as “interest and retirement fund” into which fund said board shall immediately place a sum not less than the amount necessary to pay the interest and maturing principal […]
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 board of so much of each year’s income from the permanent fund of the New Mexico institute for the […]
It shall be the duty of the secretary and treasurer of said board of regents to forward to the bank at which said bonds are payable, prior to the date on which any coupons or any principal amount of any of said bonds shall mature, out of the “interest and retirement fund” a sufficient sum […]
A. The management and control of the New Mexico school for the visually handicapped [New Mexico school for the blind and visually impaired], the care and preservation of all property of which it shall become possessed, the erection and construction of all buildings necessary for its use and the disbursement and expenditure of all money […]
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 and the accrued interest from the date thereof to the time of delivery, shall ever be used or expended by said board for any other purposes than those […]
It is hereby made the duty of the treasurer of this state, upon receiving written notice from the secretary and treasurer of said board that it has issued bonds as provided for herein, to forthwith forward and pay over to the secretary and treasurer of said board out of the income from the permanent funds […]
In the event the board of regents aforesaid should find it advisable to issue bonds under this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978] in more than one series, or at different times, for any of the purposes aforesaid, then each series of said bonds shall be designated by the letter “A” or “B” […]
Bonds issued under the provisions of this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978], being for the sole purposes specified in Section 1 [21-5-12 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by this state or any subdivision thereof. Such bonds may be deposited as security for public moneys […]
ANNOTATIONS Recompilations. — Laws 1983, ch. 60, § 3, recompiled former 21-5-3 NMSA 1978 as 22-14-20 NMSA 1978, effective June 17, 1983. Laws 1983, ch. 60, contained no effective date provision, but was enacted at the session which adjourned on March 19, 1983. See N.M. Const., art. IV, § 23.
For administrative purposes in all matters except suits, state lands, funds and appropriations, the “New Mexico institute for the blind” is hereby authorized to use the name “New Mexico school for the visually handicapped [New Mexico school for the blind and visually impaired].” History: Laws 1925, ch. 13, § 1; C.S. 1929, § 130-403; 1941 […]
ANNOTATIONS Repeals. — Laws 1999, ch. 116, § 2 repealed 21-5-5 NMSA 1978, as amended by Laws 1973, ch. 138, § 29, requiring parents and guardians to send blind students to school, effective June 18, 1999. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
That the superintendent of such institute [New Mexico school for the blind and visually impaired], out of the appropriation made for said institute [school], shall pay for the transportation of such children, to and from such institution whenever the parents, guardian or person having control or custody of any such child shall be unable to […]
Superintendents of all school districts in the state, on August 1 and January 1 in each year, shall report to the superintendent of the New Mexico institute for the blind [New Mexico school for the blind and visually impaired] whether or not there are blind children of legal school age within their respective districts; the […]
ANNOTATIONS Repeals. — Laws 1999, ch. 116, § 2 repealed 21-5-8 NMSA 1978, as enacted by Laws 1915, ch. 33, § 4, relating to the penalty for violating provisions for compulsory education of the blind, effective June 18, 1999. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
