349.248 - Proceeds of taxes specially appropriated to payment of principal and interest. - Nevada Statutes

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Statutes > Nevada > Title-30 > Chapter-349 > State-securities-law > 349-248

349.248 Proceeds of taxes specially appropriated to payment of principal and interest. There is by the State Securities Law, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of the State Securities Law, specially appropriated the proceeds of such taxes to the payment of such principal and interest; and such appropriations shall not be repealed nor the taxes postponed or diminished (except as herein otherwise expressly provided) until the principal of and interest on the state securities evidencing such debt have been wholly paid.

(Added to NRS by 1967, 779)

State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > State-securities-law > 349-248

349.248 Proceeds of taxes specially appropriated to payment of principal and interest. There is by the State Securities Law, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of the State Securities Law, specially appropriated the proceeds of such taxes to the payment of such principal and interest; and such appropriations shall not be repealed nor the taxes postponed or diminished (except as herein otherwise expressly provided) until the principal of and interest on the state securities evidencing such debt have been wholly paid.

(Added to NRS by 1967, 779)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-30 > Chapter-349 > State-securities-law > 349-248

349.248 Proceeds of taxes specially appropriated to payment of principal and interest. There is by the State Securities Law, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of the State Securities Law, specially appropriated the proceeds of such taxes to the payment of such principal and interest; and such appropriations shall not be repealed nor the taxes postponed or diminished (except as herein otherwise expressly provided) until the principal of and interest on the state securities evidencing such debt have been wholly paid.

(Added to NRS by 1967, 779)