Immediately following the next election following the effective date of this section, each board of directors shall determine by lot from its membership one member to serve for a term expiring on the first Tuesday after the first Monday in December of the following year, and one member whose term expires on the same day for each of the succeeding two years, so that the term of one director will expire each year. History: 1953 Comp., § 75-22-7.1, enacted by Laws 1965, ch. 271, § 3. ANNOTATIONSEffective dates. — Laws 1965, ch. 271, contained no effective date provision, but was enacted at a session which adjourned on March 20, 1965. See N.M. Const., art. IV, § 23.
New Mexico Legal Code