496.150 - Issuance of general obligation and revenue bonds to pay costs of acquisition and development. - Nevada Statutes

496.150  Issuance of general obligation and revenue bonds to pay costs of acquisition and development.  To defray the cost of planning and acquiring, establishing, developing, constructing, enlarging, improving or equipping an airport or air navigation facility, or the site therefor, including buildings and other facilities incidental to the operation thereof, and the acquisition or elimination of airport hazards, or any combination thereof, the governing body may, at any time or from time to time, in the name and on the behalf of the municipality, issue:

      1.  General obligation bonds, payable from taxes;

      2.  General obligation bonds, payable from taxes, which payment is additionally secured by a pledge of net revenues or gross revenues derived from the operation of all or any part of the airport or any facilities appertaining thereto; and

      3.  Revenue bonds constituting special obligations and payable from such net revenues or gross revenues.

      [14:215:1947; 1943 NCL § 293.33]—(NRS A 1965, 1256; 1967, 717; 1981, 964)