A. The governing body is the board of finance of the municipality and the members of the governing body shall serve without compensation additional to the compensation authorized by law for their services as members of the governing body.

Terms Used In New Mexico Statutes 3-37-1

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.

B. The municipal clerk shall:

(1)     serve as secretary to the board of finance;

(2)     keep a record of the proceedings of the board of finance which shall be a public record; and

(3)     convene a meeting of the board of finance whenever necessary or whenever requested to do so by any member of the board of finance.

C. The municipal treasurer shall:

(1)     supervise the depositing and safekeeping of all money belonging to the municipality; and

(2)     with the advice and consent of the municipal board of finance, designate banks qualified to receive on deposit money entrusted to his care.

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