Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE48 WATER |
CHAPTER539. Irrigation Districts |
FINANCIAL ORGANIZATION |
General Financial Provisions |
NRS539.477. Debt or liability in excess of express provisions void; incurrence forbidden.
Latest version.
- The board of directors, or other officers of the district, shall have no power to incur any debt or liability whatever, either by issuing bonds or otherwise, in excess of the express provisions of this chapter. Any debt or liability incurred in excess of such express provisions shall be absolutely void.
[Part 14:64:1919; A 1921, 118; 1927, 309; NCL § 8025]