New Mexico § 73-2-22 - Acequia and community ditch associations; borrowing money; contracting indebtedness; security for payment

§ 73-2-22. Acequia and community ditch associations; borrowing money; contracting indebtedness; security for payment

All acequia and community ditch associations are authorized to borrow money and otherwise

contract indebtedness for the purposes of the district and, without limitation of

the generality of the foregoing, to borrow money and accept grants from the United

States, or from any corporation or agency created or designated by the United States,

and, in connection with any such loan or grant, to enter into agreements as the United

States or such corporation or agency may require, and to issue its notes or obligations

therefor, and to secure the payment thereof by mortgage, pledge or deed of trust covering

any of its property, assets, rights, privileges, licenses, rights-of-way, easements,

revenues, income and assessments.