New Mexico § 5-5-22 - Publication of authorizing proceedings; effect; right to contest legality; time limitation

§ 5-5-22. Publication of authorizing proceedings; effect; right to contest legality; time limitation

The governing body may provide for the publication once in a newspaper of general

circulation in the municipality of any proceedings adopted by the governing body ordering

the issuance of any bonds. For a period of thirty days after the date of such publication, any person in interest

shall have the right to contest the legality of any bond which may be authorized thereby

(except for any bond delivered for value, containing a recital therein that it is

issued under authority of this act and thus being incontestable for any cause whatsoever,

as herein provided), and of the provisions made for the security and payment of any

such bonds and of any other provisions in such proceedings; and after the expiration

of such thirty-day period no one shall have any cause of action to contest the regularity,

formality or legality thereof for any cause whatsoever.