Statutes > New Mexico Statutes > Chapter 67 - Highways. > Article 6 - County Highways and Bridge Bonds, 67-6-1 through 67-6-7. > Section 67-6-2 - Aggregate amount; denominations; interest; date of maturity; prior redemption.

Section 67-6-2 - Aggregate amount; denominations; interest; date of maturity; prior redemption.

67-6-2. [Aggregate amount; denominations; interest; date of maturity; prior redemption.]

Said bonds may be issued in the aggregate amount to be determined by the board of county commissioners, and in denominations of one hundred dollars [($100)] each or some multiple thereof, and shall bear interest at a rate not exceeding five per centum per annum, payable semiannually, and shall become due within a period of not exceeding thirty years, but same may be made redeemable prior to their date of maturity as may be provided by order of the said board of county commissioners.