An agricultural association may:
1. Contract and be contracted with.
2. Sue and be sued.
3. Have and use a common seal.
4. Purchase, hold and lease real property, with such buildings and improvements as may be erected thereon, and may sell, lease and dispose of the same at pleasure. The real property must be used by the agricultural association for the purpose of holding exhibitions of horses, cattle and other livestock, and of the agricultural, horticultural, viticultural, mechanical, manufacturing and domestic products of the district, with a view to the improvement of all of the industries in the agricultural district. The association may allow the use of its property for other special events in the community.
5. Obtain medium-term obligations as provided in chapter 350 of NRS for local governments other than counties.
[Part 2:75:1885; A 1889, 48; RL § 433; NCL § 328] — (NRS A 1959, 145; 1965, 750; 1973, 18; 1995, 1828; 1997, 1264)