350.572 - Types of securities which may be issued; series. - Nevada Statutes

350.572  Types of securities which may be issued; series.  The municipality may issue, in one series or more, without the municipal securities being authorized at any election in the absence of an expressed provision to the contrary in the act authorizing the project and the issuance of municipal securities therefor or in any act supplemental thereto, in anticipation of taxes or pledged revenues, or both, and constituting either general obligations or special obligations of the municipality, any one or more or all of the following types of municipal securities:

      1.  Notes, evidencing any amount borrowed by the municipality;

      2.  Warrants, evidencing the amount due to any person for any services or supplies, equipment or other materials furnished to or for the benefit of the municipality and appertaining to a project;

      3.  Bonds, evidencing any amount borrowed by the municipality and constituting long-term financing;

      4.  Temporary bonds, pending the preparation of and exchangeable for definitive bonds of like character and in like principal amount when prepared and issued in compliance with the conditions and limitations herein provided; and

      5.  Interim debentures, evidencing any medium-term obligations, construction loans, and other temporary loans of not exceeding 10 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 350.672 to 350.682, inclusive.

      (Added to NRS by 1967, 427; A 1975, 252; 1989, 54; 1997, 554)