New Mexico Statutes 3-33-5. Improvement district; powers of municipality
In addition to other powers granted by Sections 3-33-1 through 3-33-43 N.M. Stat. Ann., every municipality shall have all powers necessary or convenient to carry out the purposes of Section 3-33-4 N.M. Stat. Ann., including the following:
Terms Used In New Mexico Statutes 3-33-5
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Personal property: All property that is not real property.
A. to construct, repair, maintain and operate facilities for the parking of motor vehicles off the public streets, together with public rights of way necessary or convenient therefor;
B. to purchase or acquire by gift, bequest, devise or otherwise, any real or personal property or any interest therein, together with the improvement thereon, to be used as parking facilities or incidental thereto;
C. to insure [and] to provide for the insurance of any parking facility established by the municipality against risks and hazards as the municipality deems desirable; and
D. to receive, control, invest and order the expenditure of all money pertaining to parking facilities.
E. The provisions of this act shall not authorize any municipality to exercise the power of eminent domain for the purposes enumerated in Section 3-33-4 or 3-33-5 N.M. Stat. Ann..