Nev. Rev. Stat. § 539.620

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 539.620 - Directors may fix and determine time for issuance and maturity; limit on maturity

The board of directors may, with the approval of the Department of Taxation, fix and determine otherwise than as provided in NRS 539.617 the time for the issuance and maturity of the bonds, the manner, method, terms and conditions of their payment, and provide for the calling and redeeming of the bonds before maturity at a premium not in excess of 9 percent above par; but in no case may the maturity of any bond be more than 50 years after the date thereof.

NRS 539.620

[Part 16:64:1919; A 1921, 118; 1929, 286; 1933, 271; 1955, 27]-(NRS A 1969, 488; 1971, 2128; 1975, 876; 1977, 1240; 1981, 1421)

[Part 16:64:1919; A 1921, 118; 1929, 286; 1933, 271; 1955, 27] - (NRS A 1969, 488; 1971, 2128; 1975, 876; 1977, 1240; 1981, 1421)