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Nev. Rev. Stat. § 266.3862

Negotiation with qualified lessees

Nevada · Nevada Revised Statutes Chapter 266 — General Law for Incorporation of Cities and Towns · Status: effective

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Nev. Rev. Stat. § 266.3862, Negotiation with qualified lessees, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2096622
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If the resolution adopted proposes to lease the electric light and power system, the city council shall, after the return of the appraisement, negotiate with one or more qualified lessees. If such negotiations are successful, the city council shall submit the proposed lease for acceptance or rejection at the election. In any lease, the council shall require a bond for faithful performance by the lessee.