Nevada § 396.850 - Details of securities provided by resolution

§ 396.850. Details of securities provided by resolution

Except as herein otherwise provided and as otherwise provided in any other act the

provisions of which are relevant by express reference herein thereto, any securities

issued hereunder must be: 1. In such form; 2. Issued in such manner, at, above or below par at such a discount not exceeding

9 percent of the principal amount of the securities, at public or private sale, and

at a price which will result in an effective interest rate which does not exceed by

more than 3 percent the Index of Revenue Bonds which was most recently published before

the bids are received or a negotiated offer is accepted; and 3. Issued with such recitals, terms, covenants, conditions and other provisions, as may be provided by the Board in a resolution authorizing their issuance and in

any indenture or other proceedings appertaining thereto.