Nevada § 349.328 - Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds

§ 349.328. 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 general obligation

bonds required by law so to be authorized, and otherwise merely by the Commission,

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 Commission may determine,

except as otherwise provided in subsections 3 and 4 of NRS 349.276 . 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 otherwise provided in NRS 349.322 to 349.328 , inclusive, any such funding bonds shall be issued as is provided herein for other

bonds.