1. The governing body of any county or city may lease, purchase, construct or provide financial assistance for the operation of a railway line or lines within the limits of the county or the city, if in the judgment of the governing body it would be to the interest of the county or the city so to do, and pay the resulting expenses out of the general fund of the county or city or from a fund to be created for that purpose by the sale of bonds as provided in NRS 710.290 to 710.390 , inclusive. 2. The governing body of any county or city may enter into agreements with other public agencies in accordance with the provisions of the Interlocal Cooperation Act, whereby the powers conferred by subsection 1 may be exercised jointly with respect to any railway line which extends beyond the county or city limits.
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