1. If it appears from the returns that a majority of the qualified electors of the district who voted on any proposition submitted pursuant to NRS 541.340 voted in favor of the proposition, the district may incur the indebtedness or obligations and enter into the contract for the purpose or purposes and object or objects provided for in the proposition submitted pursuant to NRS 541.340, and in the amount so provided and at a rate of interest not exceeding the rate of interest recited in the resolution.
2. Submission of the proposition of incurring such obligation or other indebtedness at a special, primary or general election does not prohibit submission of the same proposition or other propositions at a subsequent special, primary or general election.
[37:380:1955] — (NRS A 1993, 1092)