New Mexico § 5-3-3 - Auditorium revenue bonds; mortgage or lien to secure payment
Full text of New Mexico New Mexico Statutes Annotated § 5-3-3 — Auditorium revenue bonds; mortgage or lien to secure payment, with citation guidance and answers to common questions.
§ 5-3-3. Auditorium revenue bonds; mortgage or lien to secure payment
Whenever it shall be declared necessary by the governing body, by ordinance duly adopted,
as hereinafter provided, municipalities are hereby authorized to make and issue revenue
bonds, payable solely out of the net income to be derived from the operation of an
auditorium, and to pledge irrevocably, such income to the payment thereof, and to
execute a mortgage or other lien upon the auditorium premises to secure the payment
of said bonds.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-3-3
What does New Mexico Statutes Annotated § 5-3-3 cover?
Section 5-3-3 ("Auditorium revenue bonds; mortgage or lien to secure payment") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 5-3-3?
A common citation format is "New Mexico Statutes Annotated § 5-3-3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 5-3-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.