Water revenue bonds issued under the provisions of this 1959 act [72-4-2 to 72-4-12 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state. History: 1953 Comp., § 75-4-1.8, enacted by Laws 1959, ch. 286, § 8.
[Water revenue bonds shall be legal investments.]
NMSA 1978, § 72-4-9 — under Article 4.
NMSA 1978, § 72-4-9