Nevada § 350.718 - Sufficiency of Local Government Securities Law

§ 350.718. Sufficiency of Local Government Securities Law

1. The Local Government Securities Law, without reference to other statutes of this

state, except as herein otherwise expressly provided, shall constitute full authority

for the exercise of the incidental powers herein granted concerning the borrowing

of money and any other incurrence of obligations to defray wholly or in part the cost

of any project appertaining to the municipality and otherwise authorized by law, or

to refinance outstanding loans, or both, and the issuance of bonds or other securities

to evidence such loans or other obligations or to fund or refund outstanding securities,

or any combination thereof, as the governing body may determine. 2. No other act or law with regard to the authorization or issuance of securities

or the exercise of any other power herein granted that requires an election or another

approval or in any way impedes or restricts the carrying out of the acts herein authorized

to be done shall be construed as applying to any proceedings taken hereunder or acts

done pursuant hereto, except as otherwise provided in the Local Government Securities

Law or in any act supplemental hereto. 3. The powers conferred by the Local Government Securities Law shall be in addition

and supplemental to and not in substitution for, and the limitations imposed by the

Local Government Securities Law shall not affect the powers conferred by, any other

law. 4. Nothing contained in the Local Government Securities Law shall be construed as

preventing the exercise of any power granted to the municipality, acting by and through

the governing body, or any officer, agent or employee of the municipality, or otherwise,

by any other law. 5. No part of the Local Government Securities Law shall repeal or affect any other

law or part thereof, it being intended that the Local Government Securities Law shall

provide a separate method of accomplishing its objectives and not an exclusive one;

and the Local Government Securities Law shall not be construed as repealing, amending

or changing any such other law.