355.177 - Investment in own securities or interim warrants prohibited.

355.177  Investment in own securities or interim warrants prohibited.  No governing body of any local government or agency, as defined in NRS 354.474, may invest any of its moneys, or any part thereof, in:

      1.  Its own securities of any kind.

      2.  Interim warrants from any source.

      (Added to NRS by 1969, 1087)