That conservancy districts heretofore or hereafter organized under the provisions of the Conservancy Act of New Mexico, subsequent to the passage of a resolution authorizing the conservation and development fund assessment, may issue additional bonds to be known as “conservancy bonds – conservation and development issue” which bonds shall be in similar or like form to the bonds provided for under Section 506 [73-16-7 N.M. Stat. Ann.] of the Conservancy Act, save and except that they shall have printed thereon the following words: “Conservancy Bonds – Conservation and Development Issue,” and made otherwise to conform to the provisions of this act [73- 16-30 through 73-16-40 N.M. Stat. Ann.].