Nebraska § 17-518 Streets; improvement; sinking fund; investment

Nebraska Statutes

§ 17-518 — Streets; improvement; sinking fund; investment

Nebraska § 17-518

Ch. 17Cities of the Second Class and Villages

This text of Nebraska § 17-518 (Streets; improvement; sinking fund; investment) 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. § 17-518 (2026).

Text

Pending final redemption of warrant or warrants or bond or bonds for paving issued under section  17-516 , the city treasurer or village treasurer is authorized to invest such sinking fund in interest-bearing time certificates of deposit in depositories approved and authorized to receive county funds, but in no greater amount in any depository than such depository is authorized to receive deposits of county funds; and the interest arising from such certificate of deposit shall be credited to its respective sinking fund as provided by law.

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Pending final redemption of warrant or warrants or bond or bonds for paving issued under section 17-516 , the city treasurer or village treasurer is authorized to invest such sinking fund in interest-bearing time certificates of deposit in depositories approved and authorized to receive county funds, but in no greater amount in any depository than such depository is authorized to receive deposits of county funds; and the interest arising from such certificate of deposit shall be credited to its respective sinking fund as provided by law.

Legislative History

Source: Laws 1923, c. 135, § 1, p. 332; Laws 1927, c. 42, § 1, p. 180; C.S.1929, § 17-432; Laws 1933, c. 136, § 20, p. 532; C.S.Supp.,1941, § 17-432; R.S.1943, § 17-518; Laws 2017, LB133, § 135.