NMSA 1978, § 7-24A-18 — Additional security

To further the marketability of bonds, the ordinance authorizing their issue may:

# A.

secure their payment by deed of trust or mortgage conveying county or
municipally owned land and improvements acquired for the public transit facility
operation or use from the proceeds of the bonds to a trustee for the benefit and security
of the bondholders; and

# B.

authorize any other security agreement not in conflict with law.