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Code · Nevada · CHAPTER 350 - MUNICIPAL OBLIGATIONS

NRS 350.586 Securities issued as general obligations constitute outstanding indebtedness.

54 words·~1 min read·/nv/chapter-350-municipal-obligations/350-586·

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NRS 350.586 Securities issued as general obligations constitute outstanding indebtedness. Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the municipality and exhaust the debt-incurring power of the municipality under any statutory debt limitation appertaining thereto.
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