Nevada § 266.290 - Acquisition or establishment of municipal utility: Procedure

§ 266.290. Acquisition or establishment of municipal utility: Procedure

1. The city council may acquire or establish any public utility in the manner provided

in this section. 2. The council shall enact an ordinance which must set forth fully and in detail: (a) The public utility proposed to be acquired or established. (b) The estimated cost thereof, as shown by the report approved by the council and

mayor, of an engineer or body theretofore appointed by the council for that purpose. (c) The proposed manner and terms of payment. 3. The ordinance must be published in full at least once a week for 4 successive weeks

in a newspaper of general circulation published in the city. 4. At the first regular meeting of the council, or any adjournment thereof, after

the completion of the publication, the council may proceed to enact an ordinance for

that purpose which must conform in all respects to the terms and conditions of the

previously published ordinance, unless a petition is presented to it, signed by not

less than 15 percent of the qualified electors of the city, as shown by the last preceding

registration list, and representing not less than 10 percent of the taxable property

of the city as shown by the last preceding tax list or assessment roll, praying for

placement on the ballot at a special election or at the next primary or general municipal

election or primary or general state election of the question of whether the proposed

ordinance is to be passed. Thereupon, no such proposed ordinance may be enacted or become effective for any purpose

whatsoever, unless at a special election called and held for the purpose or the next

primary or general municipal election or primary or general state election, a majority

of the votes cast are for the ordinance.