2006 Nebraska Revised Statutes - § 12-507 — Debts; power to contract; limitations.

Section 12-507
Debts; power to contract; limitations.

No debts shall be contracted in the anticipation of future receipts except for purchasing, laying out, enclosing and embellishing the grounds and avenues, and erecting buildings, vaults, a chapel, a crematory, a mausoleum and other structures, for which a debt or debts may be contracted, not exceeding eighty-five thousand dollars in the aggregate, to be paid out of future receipts.

Source:

R.S.1866, c. 25, § 49, p. 207

Laws 1885, c. 22, § 1, p. 182

Laws 1905, c. 39, § 1, p. 275

Laws 1911, c. 27, § 1, p. 177

R.S.1913, § 683

Laws 1917, c. 12, § 1, p. 71

C.S.1922, § 592

Laws 1925, c. 138, § 1, p. 365

C.S.1929, § 13-505

Laws 1941, c. 18, § 1, p. 104

C.S.Supp.,1941, § 13-505

Annotations:

Cemetery association is authorized to incur indebtedness not exceeding eighty-five thousand dollars. Root v. Morning View Cemetery Assn., 174 Neb. 438, 118 N.W.2d 633 (1962).

Funds may be appropriated to improvement of avenues leading thereto. Greenwood Cemetery v. City of Wayne, 110 Neb. 300, 193 N.W. 734 (1923).

~Reissue Revised Statutes of Nebraska