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2020 Nebraska Revised Statutes
Chapter 17 - Cities of the Second Class and Villages
17-969 Bonds; sinking fund; interest; levy.
Universal Citation: NE Code § 17-969 (2020)
17-969. Bonds; sinking fund; interest; levy.
The city council or village board of trustees 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, § 5, p. 156;
- Laws 2017, LB133, § 300.
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