Nebraska § 10-304 Coupon bonds; terms; rate of interest; tax levy

Nebraska Statutes

§ 10-304 — Coupon bonds; terms; rate of interest; tax levy

Nebraska § 10-304

Ch. 10Bonds

This text of Nebraska § 10-304 (Coupon bonds; terms; rate of interest; tax levy) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 10-304 (2026).

Text

Before issuing bonds under the provisions of sections  10-301  to  10-303 , the board issuing the same shall by resolution entered upon its records recite the number and denomination of the bonds to be issued, the rate of interest, and to whom and when payable. Such bonds shall be payable in not more than twenty years from the date of their issue, or at any time on or after five years from the date of issuance thereof, at the option of the board issuing the same. They shall bear interest payable annually or semiannually, as provided in said bonds. Said board shall levy a tax on all the taxable property in such county, precinct, township or town, city, village or school district in addition to other taxes, to pay the interest and principal of said bonds as the same shall mature.

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Before issuing bonds under the provisions of sections 10-301 to 10-303 , the board issuing the same shall by resolution entered upon its records recite the number and denomination of the bonds to be issued, the rate of interest, and to whom and when payable. Such bonds shall be payable in not more than twenty years from the date of their issue, or at any time on or after five years from the date of issuance thereof, at the option of the board issuing the same. They shall bear interest payable annually or semiannually, as provided in said bonds. Said board shall levy a tax on all the taxable property in such county, precinct, township or town, city, village or school district in addition to other taxes, to pay the interest and principal of said bonds as the same shall mature.

Legislative History

Source: Laws 1903, c. 10, § 4, p. 64; R.S.1913, § 403; C.S.1922, § 320; C.S.1929, § 11-304; R.S.1943, § 10-304; Laws 1947, c. 15, § 3, p. 83; Laws 1969, c. 51, § 2, p. 273.