2006 Nebraska Revised Statutes - § 16-678 — Existing franchises and contracts; rights preserved; tax authorized.

Section 16-678
Existing franchises and contracts; rights preserved; tax authorized.

Nothing contained in sections 16-673 to 16-677 shall change or in any way affect existing franchises or existing contracts between any city and any company, corporation, or individual for furnishing the city or its inhabitants with light, power, heat, or water. The mayor and council shall levy a sufficient tax to pay for such light, power, heat, or water supply in accordance with the terms of such existing contracts, not exceeding four and nine-tenths cents on each one hundred dollars upon the taxable value of all the taxable property in such city in any one year for any one of the purposes.

Source:

Laws 1901, c. 18, § 54, p. 273

Laws 1905, c. 23, § 2, p. 245

Laws 1907, c. 14, § 1, p. 123

Laws 1909, c. 19, § 1, p. 185

R.S.1913, § 4954

Laws 1917, c. 97, § 1, p. 261

Laws 1919, c. 38, § 1, p. 121

Laws 1921, c. 169, § 1, p. 662

C.S.1922, § 4123

C.S.1929, § 16-652

Laws 1931, c. 29, § 1, p. 119

C.S.Supp.,1941, § 16-652

R.S.1943, § 16-678

Laws 1953, c. 287, § 9, p. 934

Laws 1979, LB 187, § 40

Laws 1992, LB 719A, § 44

~Reissue Revised Statutes of Nebraska