New Mexico § 5-5-16 - Alternate bond form
Full text of New Mexico New Mexico Statutes Annotated § 5-5-16 — Alternate bond form, with citation guidance and answers to common questions.
§ 5-5-16. Alternate bond form
Notwithstanding any other provision of law, the governing body may in any proceedings
authorizing bonds hereunder provide for the initial issuance of one or more bonds
(in this section called “bond”) aggregating the amount of the entire issue and may
make such provision for installment payments of the principal amount of any such bond
as it may consider desirable and may provide for the making of any such bond payable
to bearer or otherwise, registrable as to principal or as to both principal and interest,
and where interest accruing thereon is not represented by interest coupons, for the
endorsing of payments of interest on such bond. The governing body may further make provisions in any such resolution for the manner
and circumstances in and under which any such bond may in the future, at the request
of the holder thereof, be converted into bonds of smaller denominations, which bonds
of smaller denominations may in turn be either coupon bonds or bonds registrable as
to principal or principal and interest.
Frequently Asked Questions About New Mexico § 5-5-16
What does New Mexico Statutes Annotated § 5-5-16 cover?
Section 5-5-16 ("Alternate bond form") 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 § 5-5-16?
A common citation format is "New Mexico Statutes Annotated § 5-5-16" (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 § 5-5-16 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.