NRS309.338. General obligation bonds payable from ad valorem taxes; additional security.

Latest version.

The general obligation bonds authorized to be issued pursuant to the provisions of this chapter shall be payable from general, ad valorem taxes levied upon all taxable real and personal property in the district, without limitation as to rate or amount, subject to constitutional limitations, and such bonds may in the board’s discretion be additionally secured by a pledge of all or a part of the revenues derived from the operation of facilities of the district, including without limiting the generality of the foregoing, connection fees, use charges and annexation charges.

(Added to NRS by 1964, 15)

                    
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