Nebraska § 10-411 Precinct, township, city of the second class, or village bonds; payment; taxes; levy and collection

Nebraska Statutes

§ 10-411 — Precinct, township, city of the second class, or village bonds; payment; taxes; levy and collection

Nebraska § 10-411

Ch. 10Bonds

This text of Nebraska § 10-411 (Precinct, township, city of the second class, or village bonds; payment; taxes; levy and collection) 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. § 10-411 (2026).

Text

The county boards, city councils of cities of the second class, or boards of trustees of villages or the person charged with levying the taxes, shall each year until the bonds issued under the authority of section  10-409  be paid, levy upon the taxable property in the precinct, township, city of the second class or village, a tax sufficient to pay the interest and five percent of the principal as a sinking fund; and at the tax levy preceding the maturity of any such bonds, levy an amount sufficient to pay the principal and interest due on said bonds.

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The county boards, city councils of cities of the second class, or boards of trustees of villages or the person charged with levying the taxes, shall each year until the bonds issued under the authority of section 10-409 be paid, levy upon the taxable property in the precinct, township, city of the second class or village, a tax sufficient to pay the interest and five percent of the principal as a sinking fund; and at the tax levy preceding the maturity of any such bonds, levy an amount sufficient to pay the principal and interest due on said bonds.

Legislative History

Source: Laws 1885, c. 58, § 3, p. 270; Laws 1899, c. 49, § 3, p. 263; R.S.1913, § 415; C.S.1922, § 332; C.S.1929, § 11-411; R.S.1943, § 10-411. Annotations: Levy of tax for sanitary drainage district authorized. Lang v. Sanitary District, 160 Neb. 754, 71 N.W.2d 608 (1955).