N.M. Stat. § 73-9-34

Current through 2024, ch. 69

Section 73-9-34 - Statutory authorization required for debts and liabilities

The board of directors, or other officers of the district, shall have no power to incur any debt or liability whatever, either by issuing bonds or otherwise, in excess of the express provisions of this act, and any debt or liability incurred in excess of such express provisions shall be and remain absolutely void.

NMS § 73-9-34

Laws 1919, ch. 41, § 28; C.S. 1929, § 73-228; 1941 Comp., § 77-2132; 1953 Comp., § 75-22-32.