§ 7.040 — Borrowing money
Code of Ordinances, City of North Las Vegas, Nevada (Supp. No. 146: codified through legislation passed and adopted on or before August 5, 2026) · North Las Vegas City Charter, art. VII, § 7.040
Corpus is an independent public-information project, not the official City of North Las Vegas website. Stable reference URL
Sec. 7.040 - Borrowing money.
1. Subject to the limitations imposed by this article, the City may borrow money for any corporate purpose, including without limitation any purpose expressly authorized by this Charter or by Nevada Revised Statutes for a city, and for such purpose may issue bonds or other securities. The Local Government Securities Law, as amended from time to time, applies to all securities so issued, except for securities issued under section 6.020. 2. Any property tax levied to pay the principal of or interest on such indebtedness must be levied upon all taxable property within the City, as provided in NRS 350.590 to 350.602, inclusive. 3. Any ordinance pertaining to the sale or issuance of bonds or other securities, including, without limitation, securities issued under section 6.020, may be adopted in the same manner as is provided for cases of emergency. A declaration by the City Council in any ordinance that it is of this kind is conclusive in the absence of fraud or gross abuse of discretion.
(Ch. 573, Stats. 1971 p. 1226; A—Ch. 644, Stats. 1973 p. 1134; Ch. 723, Stats. 1973 p. 1443; Ch. 482, Stats. 1981 p. 974)