2009 Nebraska Code
Chapter 17 CITIES OF THE SECOND CLASS AND VILLAGES
17-969 Bonds; sinking fund; interest; levy.
17-969.
Bonds; sinking fund; interest; levy.The city councils of cities of the second class, or boards of trustees of villages or the person charged with levying the taxes, shall each year until the bonds issued under the authority of section 17-967 be paid, levy upon the taxable property in the city of the second class or village, a tax sufficient to pay the interest and five percent of the principal as a sinking fund; and at the tax levy preceding the maturity of any such bonds, levy an amount sufficient to pay the principal and interest due on such bonds.
Source-
Laws 1967, c. 33, ยง 5, p. 156.
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
