Nebraska § 19-1301 Sinking funds; gifts; authority to receive; real estate; management

Nebraska Statutes

§ 19-1301 — Sinking funds; gifts; authority to receive; real estate; management

Nebraska § 19-1301

Ch. 19Cities and Villages; Laws Applicable to More Than One and Less Than All Classes

This text of Nebraska § 19-1301 (Sinking funds; gifts; authority to receive; real estate; management) 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. § 19-1301 (2026).

Text

All cities of the first class, cities of the second class, and villages are hereby empowered to receive money or property by donation, bequest, gift, devise, or otherwise for the benefit of any one or more of the public purposes for which sinking funds are established by sections  19-1301  to  19-1304 , as stipulated by the donor. Title to any money or property so donated shall vest in the city councils or village boards of trustees of such cities or villages, or in their successors in office, who shall become the owners thereof in trust to the uses of such sinking fund or funds. In the event of a donation of real estate, such city councils or village boards of trustees may manage such real estate as in the case of real estate donated to their respective municipalities for municipal librar

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All cities of the first class, cities of the second class, and villages are hereby empowered to receive money or property by donation, bequest, gift, devise, or otherwise for the benefit of any one or more of the public purposes for which sinking funds are established by sections 19-1301 to 19-1304 , as stipulated by the donor. Title to any money or property so donated shall vest in the city councils or village boards of trustees of such cities or villages, or in their successors in office, who shall become the owners thereof in trust to the uses of such sinking fund or funds. In the event of a donation of real estate, such city councils or village boards of trustees may manage such real estate as in the case of real estate donated to their respective municipalities for municipal library purposes under sections 51-215 and 51-216 .