Nebraska Statutes
§ 31-510 — Borrowing money; bonds; interest; limit of indebtedness
Nebraska·Ch. 31 Drainage
Such district may borrow money for corporate purposes and issue bonds therefor, but it shall not become indebted in any manner or for any purpose to an amount in the aggregate in excess of one and four-tenths percent of the taxable valuation of property in the district for county purposes.
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Nebraska § 31-510 (Borrowing money; bonds; interest; limit of indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: Laws 1891, c. 36, § 6, p. 290; R.S.1913, § 1929; C.S.1922, § 1870; C.S.1929, § 31-608; R.S.1943, § 31-510; Laws 1969, c. 51, § 93, p. 332; Laws 1979, LB 187, § 135; Laws 1992, LB 719A, § 123.
Annotations: Sanitary districts may borrow money for corporate purposes. Lang v. Sanitary District of Norfolk, 160 Neb. 754, 71 N.W.2d 608 (1955).
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