N.M. Stat. § 73-9-55
Bond issue; proceedings to determine validity.
The board of directors of an irrigation district organized under the provisions of this
act may commence special proceedings, in and by which the proceedings of said board
and of said district providing for and authorizing the issue and sale of the bonds of said
district, whether said bonds or any of them have or have not been sold, or disposed of,
may be judicially examined, approved and confirmed.