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2009 Nebraska Code
Chapter 74 RAILROADS
74-1428.02 Bonds; general obligation of council; additional security.

74-1428.02. Bonds; general obligation of council; additional security.

Except as may otherwise be expressly provided by the council, every issue of its bonds shall be general obligations of the council payable solely out of any revenue or money of the council, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant or contribution from the federal government or any corporation, association, institution, or person or a pledge of any money, income, or revenue of the council from any source.

Source
    Laws 1991, LB 783, ยง 30.



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