The board, in connection with such additionally secured securities, in the resolution authorizing their issuance or other instrument appertaining thereto, may pledge all or a portion of such revenues (subject to any prior pledges) as additional security for such payment of said securities, and at its option may deposit such revenues in a fund created to pay the securities or created to secure additionally their payment. History: 1953 Comp., § 75-36-48, enacted by Laws 1963, ch. 311, § 48.
New Mexico Legal Code