Nevada § 543.710 - General obligation bonds: Interest; maturity; denominations; form

§ 543.710. General obligation bonds: Interest; maturity; denominations; form

1. To carry out the purposes of NRS 543.170 to 543.830 , inclusive, the board may issue general obligation negotiable coupon bonds of the

district. 2. Bonds must: (a) Bear interest at a rate or rates which do not exceed by more than 3 percent the

Index of Twenty Bonds which was most recently published before the bids are received

or a negotiated offer is accepted, payable semiannually. (b) Be payable serially, either annually or semiannually, commencing not later than

3 years and extending not more than 40 years from date. (c) Be in such denominations as the board determines and the bonds and coupons thereto

attached must be payable to bearer. (d) Be executed in the name of and on behalf of the district and signed by the chair

of the board with the seal of the district affixed thereto and attested by the secretary

of the board. 3. Any of the officers, after filing with the Secretary of State his or her manual

signature certified under oath, may execute or cause to be executed with a facsimile

signature in lieu of his or her manual signature any bond authorized in this section,

but at least one signature required or permitted to be placed thereon must be manually

subscribed, and his or her facsimile signature has the same legal effect as his or

her manual signature. Interest coupons must bear the original or facsimile signature of the chair of the

board. 4. The form and terms of the bonds, including provisions for their payment and redemption,

must be determined by the board. If the board so determines, the bonds may be redeemable before maturity upon payment

of a premium, not exceeding 9 percent of the principal thereof.