Section 72-18-55 - Security details.
72-18-55. Security details.
Any securities authorized to be issued by the Flood Control District Act [72-18-1 to 72-18-70 NMSA 1978] shall bear such date or dates, shall be in such denomination or denominations, shall mature at such time or times not exceeding forty years from their date and shall bear interest at a rate or rates which shall be determined by the board.