Nevada Code § 349.328

Interim debentures: Funding by reissuance of bonds pledged as collateral security; issuance of other bonds
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1. For the purpose of funding any interim
debentures, any bonds pledged as collateral security to secure the payment of
such interim debentures, upon their surrender as pledged property, may be
reissued without an election, and any bonds not previously issued but
authorized to be issued, at an election in the case of general obligation bonds
required by law so to be authorized, and otherwise merely by the Commission,
for a purpose or purposes the same as or encompassing the purpose or purposes
for which the interim debentures were issued, may be issued for such a funding.
2. Any such bonds shall mature at such
time or times as the Commission may determine, except as otherwise provided in
subsections 3 and 4 of NRS 349.276 .
3. Bonds for funding (including but not
necessarily limited to any such reissued bonds) and bonds for any other purpose
or purposes may be issued separately or issued in combination in one series or
more.
4. Except as otherwise provided in NRS 349.322 to 349.328 , inclusive, any such funding bonds
shall be issued as is provided herein for other bonds.

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