279.640 - Authorization of bonds; sale.
279.640 Authorization of bonds; sale.
1. The agency may authorize bonds by resolution. The resolution, trust indenture or mortgage must provide for:
(a) The issuance of the bonds in one or more series.
(b) The date the bonds will bear.
(c) The maturity dates of the bonds.
(d) The interest rate.
(e) The denomination of the bonds.
(f) Their form, either coupon or registered.
(g) The conversion or registration privileges carried by the bonds.
(h) The rank or priority of the bonds.
(i) The manner of their execution.
(j) The medium of payment.
(k) The place of payment.
(l) The terms of redemption with or without premium to which the bonds are subject.
2. The bonds may be sold at par, above par or below par in accordance with the provisions of NRS 350.2012 at a:
(a) Public sale held after notice is published at least once at least 5 days before the sale in a newspaper of general circulation published in the community, or, if there is none, in a newspaper of general circulation published in the county; or
(b) Private sale without any advertisement or public notice.
(Added to NRS by 1959, 668; A 1993, 260; 1995, 155)