New Mexico § 63-2-6 - Power to borrow, purchase and mortgage
Full text of New Mexico New Mexico Statutes Annotated § 63-2-6 — Power to borrow, purchase and mortgage, with citation guidance and answers to common questions.
§ 63-2-6. Power to borrow, purchase and mortgage
Any railroad company heretofore or hereafter organized under the laws of New Mexico,
shall have power to borrow money and purchase property, real and personal, for the
use of the corporation, and to mortgage and pledge all or any part of its corporate
franchises and property in possession or subsequently to be acquired, as security
for the payment of the money so borrowed and for the payment of the purchase money
for the property so purchased.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 63-2-6
What does New Mexico Statutes Annotated § 63-2-6 cover?
Section 63-2-6 ("Power to borrow, purchase and mortgage") 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 § 63-2-6?
A common citation format is "New Mexico Statutes Annotated § 63-2-6" (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 § 63-2-6 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.