Nevada Revised Statutes 396.846 – Types of securities which may be issued; series
The University or the Board may issue in one series or more, without their being authorized at any election, in anticipation of net pledged revenues, and constituting special obligations of the University or the Board, any one or more or all of the following types of securities:
Terms Used In Nevada Revised Statutes 396.846
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- University: means all of the universities within the Nevada System of Higher Education. See Nevada Revised Statutes 396.005
1. Notes, evidencing any amount borrowed by the University or the Board;
2. Warrants, evidencing the amount due to any person for any services, or supplies, equipment or other materials furnished to the University or the Board for the benefit of the University and appertaining to an authorized project;
3. Bonds, evidencing any amount borrowed by the University or the Board and constituting long-term financing;
4. Temporary bonds, pending the preparation of and exchangeable for definitive bonds of like character and in principal amount when prepared and issued in compliance with the conditions and limitations herein provided; and
5. Interim debentures, evidencing any emergency loans, construction loans, and other temporary loans of not exceeding 3 years, in supplementation of long-term financing and the issuance of bonds, as provided in NRS 396.868 to 396.871, inclusive.