315.350 - Actions involving authority’s contracts; establishment of authority conclusively presumed; sufficiency of resolution. - Nevada Statutes

315.350  Actions involving authority’s contracts; establishment of authority conclusively presumed; sufficiency of resolution.

      1.  In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of the authority, an authority shall be conclusively deemed to have become established and authorized to transact business and exercise its powers hereunder upon proof of the adoption of the resolution or resolutions herein prescribed declaring the need for the authority.

      2.  Each such resolution or resolutions shall be deemed sufficient if it declares that there is such need for an authority and finds in substantially the terms provided in NRS 315.330 (no further detail being necessary) that the conditions therein enumerated exist.

      3.  A copy of such resolution duly certified by the clerk shall be admissible in evidence in any suit, action or proceeding.

      [Part 4:253:1947; 1943 NCL § 5470.04]