Nebraska § 19-2421 Leases authorized; term; option to purchase

Nebraska Statutes

§ 19-2421 — Leases authorized; term; option to purchase

Nebraska § 19-2421

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

This text of Nebraska § 19-2421 (Leases authorized; term; option to purchase) 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. § 19-2421 (2026).

Text

The mayor and city council of any city of the first class or city of the second class, and the chairperson and village board of trustees of any village, in addition to other powers granted by law, may enter into contracts for lease of real or personal property for any purpose for which the city or village is authorized by law to purchase property or construct improvements. Such leases shall not be restricted to a single year and may provide for the purchase of the property in installment payments.

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The mayor and city council of any city of the first class or city of the second class, and the chairperson and village board of trustees of any village, in addition to other powers granted by law, may enter into contracts for lease of real or personal property for any purpose for which the city or village is authorized by law to purchase property or construct improvements. Such leases shall not be restricted to a single year and may provide for the purchase of the property in installment payments.