Nevada Code § 350.682

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 bonds required by law so
to be authorized, and otherwise merely by the governing body, 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 governing body may determine, except as otherwise provided
in subsections 2, 3 and 4 of NRS 350.630 .
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 herein otherwise provided in
this section and in NRS 350.676 , 350.678 and 350.680 , any such funding bonds shall be
issued as is provided herein for other bonds.

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