{"data":{"id":"us-nm/5-5-11","jurisdiction":"us-nm","citation":"5-5-11","heading":"Authorization of bonds.","body":"A board by resolution or a council by ordinance shall authorize the issuance by the municipality, upon the affirmative vote of at least a majority of the members of the governing body present and constituting a quorum, of any general obligation bond series upon being authorized so to do by the electors of the municipality voting thereon, as provided in Chapter 5, Article 5 NMSA 1978 in detail, or the issuance by the municipality or county, upon the affirmative vote of at least two-thirds of the members of its governing body present and constituting a quorum, of any revenue bond series without necessarily being authorized at an election or by any other preliminaries.","path":["Chapter 5 - Municipalities and Counties","ARTICLE 5 Joint City-County Building"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18447/index.do","current_through":"2025-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"28800360b6355005fcf162d9060ef1fa3959b5b08c02131f739e5c2dd9f1539b","source_id":"us-nm","stale":false,"prev":"us-nm/5-5-10","next":"us-nm/5-5-12"},"notice":"GroundRules: Original legal text. Not legal advice."}