NRS 350.070 Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result.
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NRS 350.070 Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result.
1. If a majority of the electors voting on the question is in favor of the proposal submitted, the proposal is carried, and the proper officers of the municipality shall proceed to issue or incur the obligations proposed.
2. If the majority of the electors voting on the question is against the proposal submitted, the proposal fails, and the proper officers of the municipality shall proceed no further except to certify the result of the election to the proper officers of the governing body.
3. Except as otherwise specifically provided in NRS 350.030 , any informality, omission or defect in the giving of any notice or the conduct of the election does not affect the result of the election if it can be ascertained with reasonable certainty whether the proposal was approved or rejected by a majority of the registered voters voting on the question.
MEDIUM-TERM OBLIGATIONS AND INSTALLMENT-PURCHASE AGREEMENTS