Nevada Code § 539.6375

Covenants and other provisions
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Any
resolution of the board providing for the issuance of any bonds additionally
secured by pledged revenues and any indenture or other instrument or
proceedings appertaining thereto may contain covenants or other provisions,
even if those covenants and provisions may limit the exercise of powers
conferred by this chapter, in order to secure the payment of those bonds, in
agreement with the holders of those bonds, including covenants or other
provisions as to any of the following:
1. The pledged revenues, the assessments
and the taxes to be fixed, charged or levied and the collection, use and
disposition thereof, including the foreclosure of liens for delinquencies, the
discontinuance of services, facilities or use of any properties or facilities,
prohibition against free service, the collection of penalties and the costs of collection
and the use and disposition of any money of the district, derived or to be
derived, from any source designated in the provisions of this chapter;
2. The acquisition or improvement of or
equipment for all or any part of properties pertaining to any project or other
facilities;
3. The creation and maintenance of
reserves or sinking funds to secure the payment of the principal of and
interest on any bonds or of the expenses of operation and maintenance of a
project and other facilities, or part thereof, and the source, custody,
security, regulation, use and disposition of any such reserves or funds,
including the powers and duties of any trustee with regard thereto;
4. A fair and reasonable payment by the
district from its general fund or other available money for the project and
other facilities or for services rendered thereby to the district;
5. The payment of the cost of any project
by delineating the purposes to which the proceeds of the sale of the bonds may
be applied, and the custody, security, use, expenditure, application and
disposition thereof;
6. The temporary investment and any
reinvestment of proceeds of bonds, any assessments or any taxes or pledged
revenues, or any combination thereof;
7. The pledge of and the creation of a lien
upon pledged revenues and the proceeds of bonds, pending their application to
defray the cost of any project, to secure the payment of bonds issued pursuant
to this chapter;
8. The payment of the principal of and
interest on the bonds, and any prior redemption premiums due in connection
therewith, and the sources and methods thereof, the rank or priority of any
bonds as to any lien or security for payment, the acceleration of any maturity
of any bonds, or the issuance of other or additional bonds payable from or
constituting a charge against or lien upon any pledged revenues or other money
pledged for the payment of bonds and the creation of future liens and
encumbrances;
9. The use, regulation, inspection,
management, operation, maintenance or disposition, or any limitation on or
regulation of the use, of all or any part of the project and other facilities;
10. The determination or definition of net
revenues from the project and other facilities or of the expenses of operation
and maintenance of the project and other facilities, the use and disposition of
those revenues and the manner of and limitations upon paying those expenses;
11. The creation of special funds and
accounts appertaining to any pledged revenues or to the bonds;
12. The insurance to be carried by the
district or any other person in interest and the use and disposition of money
from the insurance, the acquisition of completion, performance, surety and
fidelity bonds appertaining to any project or funds, or both, and the use and disposition
of any proceeds of those bonds;
13. Books of account, the inspection and
audit thereof, and other records appertaining to any project, facilities or
pledged revenues;
14. The assumption, payment or discharge
of any obligation, lien or other claim relating to any part of any project, any
facilities or any securities having or which may have a lien on any part of any
pledged revenues or other money of the district;
15. Limitations on the powers of the
district to acquire or operate, or permit the acquisition or operation of, any
structures, facilities or properties which may compete or tend to compete with
the project and other facilities;
16. The vesting in a corporate or other
trustee of such property, rights, powers and duties in trust as the board may
determine, including any or all of the rights, powers and duties of the trustee
appointed by the holders of the bonds and limiting or abrogating the right of
those holders to appoint a trustee, or limiting the rights, duties and powers
of that trustee;
17. Any defaults, rights and liabilities
arising therefrom, and the rights, liabilities, powers and duties arising upon
the breach by the district of any covenants, conditions or obligations;
18. The terms and conditions upon which
the holders of the bonds or any portion, percentage or amount of them may
enforce any covenants or provisions made by the district in the resolution or
duties imposed thereby;
19. The terms and conditions upon which
the holders of the bonds or of a specified portion, percentage or amount
thereof, or any trustee therefor, are entitled to the appointment of a
receiver, who may enter and take possession of the project and other facilities
or service, operate and maintain them, prescribe fees, rates and charges, and collect,
receive and apply all revenues thereafter arising therefrom in the same manner
as the district might do;
20. A procedure by which the terms of any
resolution authorizing bonds, or any other contract with any holders of bonds,
including an indenture of trust or similar instrument, may be amended or
abrogated, and as to the proportion, percentage or amount of bonds the holders
of which must consent thereto, and the manner in which that consent may be
given;
21. The terms and conditions upon which
any or all of the bonds become or may be declared due before maturity, and as
to the terms and conditions upon which that declaration and its consequences
may be waived; and
22. All such acts as may be necessary,
convenient or desirable in order to secure the bonds, or in the discretion of
the board tend to make the securities more marketable, even if such covenant or
act is not enumerated in this section, to give the board the power to do in the
name and on behalf of the district all things in the issuance of bonds and for
their security, except as expressly limited in this chapter.

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