Section 4-48B-21 - Ordinance authorizing revenue bonds.
4-48B-21. Ordinance authorizing revenue bonds.
At a regular or special meeting called for the purpose of issuing revenue bonds as authorized pursuant to the Hospital Funding Act [Chapter 4, Article 48B NMSA 1978], the county commissioners may adopt an ordinance that:
A. declares the necessity for issuing revenue bonds;
B. authorizes the issuance of revenue bonds by an affirmative vote of a majority of the county commissioners of the county; and
C. designates the source of the pledge [pledged] revenues.