Nebraska § 19-1304 Sinking funds; investments authorized; limitation upon use

Nebraska Statutes

§ 19-1304 — Sinking funds; investments authorized; limitation upon use

Nebraska § 19-1304

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

This text of Nebraska § 19-1304 (Sinking funds; investments authorized; limitation upon use) 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. § 19-1304 (2026).

Text

All funds received by the city treasurer or village treasurer, by donation or by tax levy, as provided in sections  19-1301  to  19-1304 , shall, as they accumulate, be immediately invested by such treasurer, with the written approval of the city council or village board of trustees, in the manner provided in section  77-2341 . Whenever investments of such sinking fund or funds are made, the nature and character of the same shall be reported to the city council or village board of trustees, and such investment report shall be made a matter of record by the city clerk or village clerk in the proceedings of such city council or village board of trustees. The sinking fund, or sinking funds, accumulated under sections  19-1301  to  19-1304 , shall constitute a special fund, or funds, for the p

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All funds received by the city treasurer or village treasurer, by donation or by tax levy, as provided in sections 19-1301 to 19-1304 , shall, as they accumulate, be immediately invested by such treasurer, with the written approval of the city council or village board of trustees, in the manner provided in section 77-2341 . Whenever investments of such sinking fund or funds are made, the nature and character of the same shall be reported to the city council or village board of trustees, and such investment report shall be made a matter of record by the city clerk or village clerk in the proceedings of such city council or village board of trustees. The sinking fund, or sinking funds, accumulated under sections 19-1301 to 19-1304 , shall constitute a special fund, or funds, for the purpose or purposes for which such fund or funds were authorized and shall not be used for any other purpose unless authorized by sixty percent of the qualified electors of such municipality voting at a general election favoring such change in the use of such sinking fund or sinking funds. The question of the change in the use of such sinking fund or sinking funds, when it shall fail to carry, shall not be resubmitted in substance for a period of one year from and after the date of such election.