N.M. Stat. § 62-2-1
Companies for supplying water; articles of incorporation.
Any five persons who desire to form a company for the purpose of constructing and
maintaining reservoirs and canals or ditches and pipelines for supplying water for
irrigation, mining, manufacturing, domestic and other public uses, including cities and
towns, and for the improvement of lands in connection therewith shall make and sign
articles of incorporation that shall be acknowledged before the secretary of state or
some person authorized by law to take the acknowledgment of conveyances of real
estate. When so acknowledged, the articles shall be filed with the secretary of state.