§ 49-5-1 [Management vested in boards of trustees; exception.]
§ 49-5-2 [Corporate powers; name; process.]
§ 49-5-3 [Qualifications of trustees.]
§ 49-5-4 [First election of trustees; notice.]
§ 49-5-5 [Election of successors; notice; judges.]
§ 49-5-6 Election; electors; canvassing returns; oath
§ 49-5-7 [Officers; duties; secretary-treasurer’s bond;
§ 49-5-8 [General powers of board.]
§ 49-5-9 [Disposition of lands; authorization.]
§ 49-5-10 [Meetings of board; quorum; vacancies; expenditures.]
contract signature

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Terms Used In New Mexico Statutes > Chapter 49 > Article 5 - Dona Ana County Grants

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Quorum: The number of legislators that must be present to do business.
  • Trustee: A person or institution holding and administering property in trust.