Neb. Rev. Stat. §§ 10-805

Current with changes through the 2024 First Special Legislative Session
Section 10-805 - Election; proposition; contents; sinking fund; creation; use

The proposition, when submitted to the electors, shall provide for a sinking fund, to which shall be credited the proceeds of loans sold by or repaid to the county; and such fund, when available, shall be used to pay the interest on said bonds and the principal thereof at maturity; Provided, however, any part of the sinking fund may be reloaned for the purposes specified in sections 10-801 to 10-807, when authorized by the county board.

Neb. Rev. Stat. §§ 10-805

Laws 1913, c. 229, § 6, p. 664; R.S.1913, § 476; C.S.1922, § 393; C.S.1929, § 11-1006; R.S.1943, § 10-805.