§ 21-5-12. Authority to borrow money; purposes

That for the purpose of erecting, altering, improving, furnishing and equipping any necessary buildings or structures at the New Mexico school for the blind and visually impaired, or acquiring any necessary land for the use of said institute or for the retiring of the whole or any part of any series bonds, previously issued by said school under the provisions of law, or for any or all of such purposes, the board of regents or directors of the New Mexico school for the blind and visually impaired is hereby authorized to borrow money for such purposes in conformity with the terms of this act.