Nebraska § 58-254 Authority; bond issuance; general obligation; how paid and secured

Nebraska Statutes

§ 58-254 — Authority; bond issuance; general obligation; how paid and secured

Nebraska·Ch. 58 Money and Financing

Unless otherwise expressly provided by the authority, every issue of its bonds shall be general obligations of the authority payable solely out of any revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant or contribution from the federal government or any corporation, association, institution, or person or a pledge of any money, income, or revenue of the authority from any source.

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Unless otherwise expressly provided by the authority, every issue of its bonds shall be general obligations of the authority payable solely out of any revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant or contribution from the federal government or any corporation, association, institution, or person or a pledge of any money, income, or revenue of the authority from any source.

Nebraska § 58-254 (Authority; bond issuance; general obligation; how paid and secured) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.