If a remonstrance is received pursuant to Section 72-16-7 NMSA 1978 denying the board the power to acquire a flood control system or if the first proposal for the issuance of bonds fails to receive a favorable vote by a majority of the qualified electors voting thereon, the board shall proceed to dissolve the authority. History: 1953 Comp., § 75-36-35, enacted by Laws 1963, ch. 311, § 35; 1985, ch. 190, § 12. ANNOTATIONSThe 1985 amendment, effective June 14, 1985, substituted 'remonstrance is received' for 'remonstrance be received' and 'Section 72-16-7 NMSA 1978' for 'Section 7 hereof' near the beginning and 'or' for 'of' following 'flood control system' and 'fails to receive' for 'shall have failed to receive' near the middle of the section.
New Mexico Legal Code