279.650 - Issuance of bonds: Limitations on further indebtedness and transactions.
279.650 Â Issuance of bonds: Limitations on further indebtedness and transactions. Â An agency may covenant:
1. Â Against pledging all or any part of its rents, fees and revenues.
2. Â Against encumbering all or any part of its real or personal property, to which its right or title then exists or may thereafter come into existence.
3. Â Against permitting any lien on such revenues or property.
4. Â With respect to limitations on its right to sell, lease or otherwise dispose of all or part of any redevelopment project.
5. Â As to what other, or additional debts or obligations it may incur.
(Added to NRS by 1959, 669)