1. The Legislature finds that: (a) Public securities have traditionally been issued in bearer form, with attached coupons evidencing the installments of interest becoming due on fixed maturity dates, rather than in only full registered form. (b) The Federal Government, by subsection (j) of section 103, Tax Code, as amended by subsection (b) of section […]
The following terms, as defined in NRS 348.030 to 348.250, inclusive, for all purposes of this chapter, other provisions of NRS or special acts relating to public securities and any authorizing instrument or document pertaining thereto, unless the context otherwise requires, have the meanings ascribed to them in those sections. (Added to NRS by 1983, […]
“Assessment” means a special assessment levied against an assessable tract of property and capital improvements thereon which are specially benefited by the acquisition of capital improvements financed by a public body wholly or in part by the issuance of public securities or otherwise. (Added to NRS by 1983, 603)
1. “Authorized officer” means, with respect to any certificated public security, a person whose signature to the certificated public security is required or permitted, or a person whom the authorized officer is authorized, either alone or with the concurrence of another or others, to authorize to affix the signature of the authorized officer to the […]
“Authorizing instrument” means the ordinance, resolution, trust indenture, order or other official action, or any such instrument amendatory thereof or supplemental thereto, or any applicable combination thereof, by which public securities are authorized to be issued by a public body. (Added to NRS by 1983, 603)
“Certificated public security” means an obligation which: 1. Is issued pursuant to a system of full registration; 2. Is represented by an instrument, and is transferable in the manner described in subsection 1 of NRS 348.110; and 3. Is either one of a class or series or by its terms is divisible into a class […]
“Facsimile seal” means a reproduction by engraving, imprinting, stamping or other means of the seal of the issuer, official or official body. (Added to NRS by 1983, 603)
“Facsimile signature” means a reproduction by engraving, imprinting, stamping or other means of the manual signature of an authorized officer. (Added to NRS by 1983, 604)
“Financial agreement” means an agreement respecting the payment of the principal of, any prior redemption premium due in connection with, and the interest on a public security. (Added to NRS by 1983, 604)
“Financial intermediary” means a commercial bank, trust bank, broker or clearing corporation, or the nominee of any of them, or other person or its nominee, which in the ordinary course of its business maintains accounts relating to public securities for its customers, when so acting. (Added to NRS by 1983, 604)
“Full registered form” or “full registration” means: 1. With respect to a certificated public security that: (a) The certificated public security specifies a person entitled to the public security or the rights it represents; and (b) Transfer of the certificated public security may be registered upon books maintained for that purpose by or on behalf […]
“Governing body” means the State Legislature, the State Board of Examiners, any state officer or commission, or other agency or instrumentality of the State authorized to issue public securities in its name and on its behalf, the Board of Regents of the University of Nevada, or any city council, city commission, board of supervisors, town […]
“Issue” means all public securities constituting the same obligation, whether or not each such security is part of the same class or series. (Added to NRS by 1983, 604)
“Issuer” means a public body which: 1. Executes a certificated public security to evidence its duty to perform a financial agreement represented by the certificated public security; 2. Undertakes to perform a financial agreement if the agreement is an uncertificated public security; or 3. Becomes responsible for or in place of a public body described […]
“Obligation” means a financial agreement of an issuer, and includes a share, participation or other interest in such an agreement. (Added to NRS by 1983, 604)
“Official actions” means the actions by statute, order, ordinance, resolution, contract or other authorized means by which the official or official body provides for the issuance of a public security. (Added to NRS by 1983, 604)
“Official or official body” means the officer or the governing body that is empowered under the laws of one or more states, including, without limitation, this state, to provide for the original issuance of a public security of the issuer, by defining the obligation and its terms, conditions and other incidents, the successor or successors […]
“Original issuance” means the first transfer of a public security by an issuer to a purchaser. (Added to NRS by 1983, 605)
“Person” includes a government, a governmental agency and a political subdivision of a government. (Added to NRS by 1983, 605; A 1985, 515)
“Public body” means this State, the Nevada System of Higher Education, or a city or town, incorporated or unincorporated, county, school district, other public educational institution, other district, authority or other body corporate and politic comprising a political subdivision of the State or acting on behalf thereof. (Added to NRS by 1983, 605; A 1993, […]
