Nev. Rev. Stat. § 539.600

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 539.600 - Agreement binding on subsequent boards of directors; directors may increase tax

After any such agreement has been recorded as provided in NRS 539.595, no subsequent board of directors shall have any authority to repeal, change or modify the same in any respect whatsoever without the consent in writing of the owners and holders of all of the bonds of the district then outstanding; but the board of directors may, in its discretion, increase the amount of such sinking fund tax, or levy additional sinking fund taxes, or other taxes, from time to time without in any wise impairing the obligation to levy and collect such minimum sinking fund tax.

NRS 539.600

Part 72:64:1919; added 1929, 286; NCL § 8090
Part 72:64:1919; added 1929, 286; NCL § 8090