Nebraska § 14-1225 Bridges; state and political subdivisions; competing bridges; limitations upon, for protection of bondholders

Nebraska Statutes

§ 14-1225 — Bridges; state and political subdivisions; competing bridges; limitations upon, for protection of bondholders

Nebraska § 14-1225

Ch. 14Cities of the Metropolitan Class

This text of Nebraska § 14-1225 (Bridges; state and political subdivisions; competing bridges; limitations upon, for protection of bondholders) 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. § 14-1225 (2026).

Text

Neither the State of Nebraska nor any political subdivision thereof shall:

(1)Limit or restrict the rights and powers granted in sections 14-1201 to 14-1252 to the detriment of owners of outstanding bonds; or

(2)Authorize the construction or itself construct any competing bridge within a distance of one mile on either side of the bridge unless and until all of such bonds, together with the interest on such bonds, have been fully paid and canceled, unless other adequate provisions have been made for the protection and guaranty of such bonds.

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Neither the State of Nebraska nor any political subdivision thereof shall:
(1) Limit or restrict the rights and powers granted in sections 14-1201 to 14-1252 to the detriment of owners of outstanding bonds; or
(2) Authorize the construction or itself construct any competing bridge within a distance of one mile on either side of the bridge unless and until all of such bonds, together with the interest on such bonds, have been fully paid and canceled, unless other adequate provisions have been made for the protection and guaranty of such bonds.