Nevada Revised Statutes 350.582 – Special obligations: Types of securities
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The municipality may issue as special obligations any of the following types of municipal securities:
Terms Used In Nevada Revised Statutes 350.582
- Lien: A claim against real or personal property in satisfaction of a debt.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Notes;
2. Warrants;
3. Interim debentures;
4. Bonds; and
5. Temporary bonds, in anticipation of net pledged revenues but not under any circumstances under their terms and the proceedings authorizing their issuance in anticipation of taxes nor, unless otherwise expressly provided in any act supplemental hereto, in anticipation of gross pledged revenues. Such special obligation municipal securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues and if expressly so provided in any act supplemental hereto gross pledged revenues.