539.775 - Contract with United States or bonded indebtedness not bar to dissolution if provision made for payment.
539.775 Contract with United States or bonded indebtedness not bar to dissolution if provision made for payment. The outstanding indebtedness, except in cases mentioned in NRS 539.765 and 539.767 where there is an outstanding lawful bond issue, or where the district has entered into a contract with the United States pursuant to the provisions of this chapter, shall not operate as a bar to dissolution by the district court when provision is made for the payment of such indebtedness in the manner provided in this chapter, or such indebtedness is otherwise satisfied.
[Part 47:64:1919; A 1933, 261; 1931 NCL § 8063]
NRS 539.777 Entry of order dissolving district; further indebtedness prohibited. Upon the entry of the order of the court dissolving the district, the same shall be deemed dissolved and no further indebtedness of any kind shall be contracted by the board of directors of the district.
[Part 47:64:1919; A 1933, 261; 1931 NCL § 8063]