NRS 539.600
Agreement binding on subsequent boards of directors

  • directors may increase tax.

After any such agreement has been recorded as provided in NRS 539.595, no subsequent board of directors shall have any authority to repeal, change or modify the same in any respect whatsoever without the consent in writing of the owners and holders of all of the bonds of the district then outstanding; but the board of directors may, in its discretion, increase the amount of such sinking fund tax, or levy additional sinking fund taxes, or other taxes, from time to time without in any wise impairing the obligation to levy and collect such minimum sinking fund tax.

Source: Section 539.600 — Agreement binding on subsequent boards of directors; directors may increase tax., https://www.­leg.­state.­nv.­us/NRS/NRS-539.­html#NRS539Sec600.

539.540
Resolution of directors: General plan of proposed operations.
539.543
Surveys and examinations
539.545
Estimate of amount of money necessary to be raised
539.547
Notice of election: Posting
539.550
Ballots: Form.
539.553
Conduct of election
539.557
Additional bond issues: Election required.
539.560
Determination of benefits: Apportionment
539.563
Meeting to review apportionment of benefits: Notice
539.565
Confirmation proceedings in district court: Petition
539.567
Confirmation proceedings: Confirmation of apportionment
539.570
Sale of bonds authorized
539.573
Bonds not to be sold for less than 90 percent of par value and accrued interest.
539.575
Use of unsold bonds in payment of construction
539.577
Cancellation of authorized bond issue
539.580
Payment of bonds and interest from revenue derived from annual assessments.
539.583
Payment of interest from bond fund.
539.585
Payment before issuance of bonds, notes or certificates of indebtedness.
539.587
Insufficient money to complete improvement: Levy of assessment
539.590
Prior liens.
539.593
Power of directors to levy assessments to spread redemption of bonds.
539.595
Directors may execute agreement with bond purchasers guaranteeing tax levy for bond redemption
539.597
County auditor to spread minimum sinking fund tax on assessment books.
539.600
Agreement binding on subsequent boards of directors
539.603
Proceedings if county officers fail to perform duties pertaining to sinking fund tax.
539.605
Faith and credit of State pledged.
539.607
Issuance of notes authorized to meet obligations of district after levy of tax
539.610
Redemption of bonds before maturity: Procedure.
Last Updated

Feb. 5, 2021

§ 539.600’s source at nv​.us