N.M. Stat. § 73-20-45
Specific powers of districts.
A district, by and through its supervisors, is authorized to:
A. sue and be sued in the name of the district;
B. adopt an official seal;
C. contract, convey and make and execute other instruments and documents
necessary or convenient to the exercise of district powers;
D. borrow money and otherwise contract indebtedness for the purposes of the
district and, without limitation of the generality of the foregoing, borrow money and
accept grants from the United States or from a corporation or agency created or
designated by the United States and, in connection with any such loan or grant, enter
into agreements as the United States or the corporation or agency may require; and
issue its notes or obligations therefor and secure the payment thereof by mortgage,
pledge or deed of trust of all or any of its property, assets, rights, privileges, licenses,
rights of way, easements, revenues or income;
E. option, as optionee and optioner, and acquire, in any manner, real and personal
property or any right or interest in it;
F. improve, rent, lease and sell district property or any interest in it;
G. receive, invest and reinvest rents and income from district property and expend
rents and income for district purposes;
H. accept contributions, gifts and donations and expend and utilize them to further
district purposes; and
I. levy a tax upon request of a watershed district pursuant to the provisions of
Section 73-20-17 NMSA 1978.