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Current as of January 01, 2021 | Updated by FindLaw Staff
None of the covenants, agreements, representations and warranties contained in any ordinance authorizing the issuance of bonds or other municipal securities issued under the provisions of the Local Government Securities Law and constituting special obligations, or in any other instrument appertaining thereto, in the absence of any breach thereof, shall ever impose or shall be construed as imposing any liability, obligation or charge against the municipality (except the special funds pledged therefor) or against the general credit of the municipality, payable out of the general fund of the municipality, or out of any funds derived from taxation.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.608. Covenants in ordinance authorizing issuance of special obligations impose no liability against municipality or its general credit - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-30-public-borrowing-and-obligations/nv-rev-st-350-608/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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