268.732 - General and special obligations; pledge of certain revenues. - Nevada Statutes

268.732  General and special obligations; pledge of certain revenues.  For the purpose of defraying wholly or in part the cost of the acquisition, improvement and equipment (or any combination thereof) of any project or projects herein authorized, the governing body of any municipality, at any time or from time to time, in the name and on the behalf of the municipality, may issue:

      1.  General obligations, payable from taxes;

      2.  General obligations, payable from taxes, which payment is additionally secured by a pledge of gross or net revenues derived from the operation of such capital improvements, and if so determined by the governing body of the municipality further secured by a pledge of such other gross or net revenues as may be derived from any other income-producing project of the municipality or from any license or other excise taxes levied by the municipality for revenue, as may be legally made available for their payment; and

      3.  Special obligations.

      (Added to NRS by 1973, 1002; A 1981, 954)