New Mexico Statutes 72-10-5. [Petition to county commissioners to build reservoirs;
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corporation.] Whenever said inhabitants shall have necessity to build such reservoirs or ponds of water they shall make a petition to the county commissioners of their county, with no less than one hundred signatures, which shall be constituted into a corporation to build such reservoir or pond.
Terms Used In New Mexico Statutes 72-10-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.