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Section 6-19-17 - Nature of all bonds issued pursuant to act — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 6-19-17 - Nature of all bonds issued pursuant to act

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Bonds issued pursuant to the authority of the Economic Advancement District Act: A. shall be legal investments for savings banks and insurance companies organized under the laws of this state; and B. shall be exempt from all taxation by the state or any political subdivision thereof. History: Laws 1987, ch. 115, § 17.