Nebraska § 31-125 Drainage improvements; bonds; when issued; rate of interest; installments

Nebraska Statutes

§ 31-125 — Drainage improvements; bonds; when issued; rate of interest; installments

Nebraska § 31-125

Ch. 31Drainage

This text of Nebraska § 31-125 (Drainage improvements; bonds; when issued; rate of interest; installments) 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. § 31-125 (2026).

Text

When, in the judgment of the county board, the assessments are too large for immediate payment, the board may issue negotiable bonds of the county with interest coupons attached, which bonds and coupons shall be signed by the chairman of the board and countersigned by the county clerk of the county, and shall be paid in not to exceed ten installments, one bond maturing each year, to pay the costs and expenses of location and construction, and all compensation and damages ascertained.

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When, in the judgment of the county board, the assessments are too large for immediate payment, the board may issue negotiable bonds of the county with interest coupons attached, which bonds and coupons shall be signed by the chairman of the board and countersigned by the county clerk of the county, and shall be paid in not to exceed ten installments, one bond maturing each year, to pay the costs and expenses of location and construction, and all compensation and damages ascertained.

Legislative History

Source: Laws 1909, c. 145, § 1, p. 504; Laws 1911, c. 140, § 21, p. 460; R.S.1913, § 1742; C.S.1922, § 1689; C.S.1929, § 31-125; R.S.1943, § 31-125; Laws 1969, c. 51, § 88, p. 330.