396.845 - Power of University or Regents to become obligated and issue securities for project; other powers. - Nevada Statutes

396.845  Power of University or Regents to become obligated and issue securities for project; other powers.

      1.  Where any project is otherwise authorized by law and where the University or the Board is otherwise authorized by law to issue its securities to defray the cost of the project, at any time or from time to time the University or the Board may borrow money or otherwise become obligated for the project and may evidence any such obligation by the issuance of the University’s or the Board’s securities.

      2.  In connection with any project so authorized, the University or the Board, except as herein otherwise provided, may:

      (a) Have a corporate seal and alter the same at pleasure;

      (b) Sue and be sued;

      (c) Acquire and hold real or personal property, or rights or interests therein, and water rights;

      (d) Dispose of unnecessary or obsolete property, or rights or interests therein;

      (e) Make contracts and execute all instruments necessary or convenient, as determined by the Board;

      (f) Acquire by contract or contracts or by its own agents and employees, or otherwise acquire any properties as any project or projects so authorized, and operate and maintain such properties; and

      (g) Accept grants of money or materials or property of any kind from the Federal Government, the State, any agency or political subdivision thereof, or any person, upon such terms and conditions as the Federal Government, the State, or such agency or political subdivision, or person may impose.

      (Added to NRS by 1967, 9)