Nevada Code § 710.430

Issuance of bonds for purchase, construction, acquisition or improvement of system
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Subject to
the provisions of NRS 710.400 to 710.590 , inclusive, the board of county
commissioners, for the purchase, construction, other acquisition, extension,
betterment, alteration, reconstruction or other major improvement, or any
combination thereof, of the system, including without limitation the purchase,
construction, condemnation and other acquisition of plants, stations, other
buildings, structures, equipment, furnishings, transmission and distribution
lines, other facilities, lands in fee simple, easements, rights-of-way, other
interests in land, other real and personal property and appurtenances, may, at
any time or from time to time, in the name and on the behalf of the town,
issue:
1. General obligation bonds, payable from
taxes;
2. General obligation bonds, payable from
taxes, which payment is additionally secured by a pledge of the net revenues
derived from the operation of the system; and
3. Revenue bonds constituting special
obligations and payable from net revenues.

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