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2009 Nebraska Code
Chapter 74 RAILROADS
74-1428.01 Council; bond issuance; powers.

74-1428.01. Council; bond issuance; powers.

The council shall have the power to issue from time to time bonds to renew or to pay bonds, including the interest on such bonds, and whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund outstanding bonds and partly for any other of its corporate purposes. The refunding bonds may be sold and the proceeds applied to the purchase, redemption, or payment of the bonds to be refunded or exchanged for the bonds to be refunded.

Source
    Laws 1991, LB 783, ยง 29.



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