2006 Nebraska Revised Statutes - § 17-608 — Treasurer; surplus funds; investments authorized; interest.

Section 17-608
Treasurer; surplus funds; investments authorized; interest.

When the treasurer of any such city or village holds funds of any such city or village in excess of the amount required for maintenance or set aside for betterments and improvements, the mayor and council or the board of trustees may, by resolution, direct and authorize said treasurer to invest said surplus funds in the outstanding bonds or registered warrants of said city or village, bonds and debentures issued either singly or collectively by any of the twelve federal land banks, the twelve intermediate credit banks, or the thirteen banks for cooperatives under the supervision of the Farm Credit Administration, or in interest-bearing bonds or the obligations of the United States. The interest on such bonds or warrants shall be credited to the fund out of which said bonds or warrants were purchased.

Source:

Laws 1927, c. 38, § 1, p. 169

Laws 1929, c. 45, § 1, p. 193

C.S.1929, § 17-515

Laws 1931, c. 33, § 1, p. 125

Laws 1935, c. 140, § 2, p. 516

Laws 1937, c. 31, § 1, p. 155

C.S.Supp.,1941, § 17-515

Laws 1943, c. 27, § 2(2), p. 122

R.S.1943, § 17-608

Laws 1959, c. 263, § 6, p. 927

~Reissue Revised Statutes of Nebraska