NRS 350.682 Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds.
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NRS 350.682 Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds.
1. For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of such interim debentures, upon their surrender as pledged property, may be reissued without an election, and any bonds not previously issued but authorized to be issued, at an election in the case of bonds required by law so to be authorized, and otherwise merely by the governing body, for a purpose or purposes the same as or encompassing the purpose or purposes for which the interim debentures were issued, may be issued for such a funding.
2. Any such bonds shall mature at such time or times as the governing body may determine, except as otherwise provided in subsections 2, 3 and 4 of NRS 350.630 .
3. Bonds for funding, including but not necessarily limited to any such reissued bonds, and bonds for any other purpose or purposes may be issued separately or issued in combination in one series or more.
4. Except as herein otherwise provided in this section and in NRS 350.676 , 350.678 and 350.680 , any such funding bonds shall be issued as is provided herein for other bonds.