{"data":{"id":"us-nm/3-52-10","jurisdiction":"us-nm","citation":"3-52-10","heading":"Additional security.","body":"To further the marketability of bonds, the ordinance authorizing their issue may:\nA. secure their payment by deed of trust or mortgage conveying municipally owned land and improvements acquired for the public transit facility from the proceeds of the bonds to a trustee for the benefit and security of the bondholders; and\nB. authorize any other security agreement not in conflict with law.","path":["Chapter 3 - Municipalities","ARTICLE 52 Municipal Transit"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"bf9c1863e1cf5fae251e8a8c7f98530620f19c385462d156822fabdd88338967","source_id":"us-nm","stale":false,"prev":"us-nm/3-52-9","next":"us-nm/3-52-11"},"notice":"GroundRules: Original legal text. Not legal advice."}