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Section 21-5-12 - [Authority to borrow money; purposes.]

NM Stat § 21-5-12 (2019) (N/A)
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That for the purpose of erecting, altering, improving, furnishing and equipping any necessary buildings or structures at the New Mexico institute for the blind [New Mexico school for the blind and visually impaired], or acquiring any necessary land for the use of said institute or for the retiring of the whole or any part of any series bonds, previously issued by said institute [school] under the provisions of law, or for any or all of such purposes, the board of regents or directors of the New Mexico institute for the blind [New Mexico school for the blind and visually impaired] is hereby authorized to borrow money for such purposes in conformity with the terms of this act [21-5-12, 21-5-13, 21-5-15 to 21-5-23 NMSA 1978].

History: 1941 Comp., § 55-2207, enacted by Laws 1949, ch. 44, § 1; 1953 Comp., § 73-23-10.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Laws 1903, ch. 2, § 3 established the New Mexico institute for the blind. Laws 1947, ch. 183, § 1, amended this section so that it referred to the New Mexico school for the blind.

The repeal and reenactment on November 8, 1960, of N.M. Const., art. XII, § 11, changed the name of the New Mexico institute for the blind to the New Mexico school for the visually handicapped.

An amendment to N.M. Const., art. XII, § 11, adopted at a general election held November 2, 2004, changed the name of the New Mexico school for the visually handicapped to the New Mexico school for the blind and visually impaired.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities § 35.

14A C.J.S. Colleges and Universities § 17.

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Section 21-5-12 - [Authority to borrow money; purposes.]