1. After receiving the report of the appraisers and before ordering the exchange of any real property, the board of trustees shall, in open meeting by a majority vote of the members, adopt a resolution declaring the board’s intention to exchange the real property.
2. The resolution shall:
(a) Describe the real properties proposed to be exchanged in such a manner as to identify them.
(b) Specify the cash market value of the real properties proposed to be exchanged as determined by the appraisers.
(c) Fix a time, not less than 3 weeks thereafter, for a public meeting of the board of trustees to be held at its regular place of meeting, at which meeting objections to the proposed exchange may be made by interested persons.
(Added to NRS by 1961, 64)