N.M. Stat. § 73-8-34

Current through 2024, ch. 69

Section 73-8-34 - Incurrence of unauthorized debt prohibited

The board of directors or other officers of the district shall have no power to incur any debt or liability whatever in excess of the express provisions of this act [73-8-1 to 73-8-60 NMSA 1978], and any debt or liability so incurred shall be void.

NMS § 73-8-34

Laws 1917, ch. 22, § 34; C.S. 1929, § 40-234; 1941 Comp., § 77-2034; 1953 Comp., § 75-21-34.