Contract with United States or bonded indebtedness not bar to dissolution if provision made for payment.

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The outstanding indebtedness, except in cases mentioned in NRS 539.765 and 539.767 where there is an outstanding lawful bond issue, or where the district has entered into a contract with the United States pursuant to the provisions of this chapter, shall not operate as a bar to dissolution by the district court when provision is made for the payment of such indebtedness in the manner provided in this chapter, or such indebtedness is otherwise satisfied.

[Part 47:64:1919; A 1933, 261; 1931 NCL § 8063]


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