Go to Previous Versions of this Statute
  1. 2025 Nebraska Rev. Stat. (here)
  2. 2024 Nebraska Rev. Stat.
  3. 2023 Nebraska Rev. Stat.
  4. View All Versions

2025 Nebraska Revised Statutes
Chapter 10 - Bonds
10-402 - County and city bonds; election; proposition; contents; additional levy.

Universal Citation:
NE Code § 10-402 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

10-402. County and city bonds; election; proposition; contents; additional levy.

The proposition of the question must be accompanied by a provision to levy a tax annually for the payment of the interest on the bonds. An additional amount shall be levied and collected to pay the principal of such bonds.

Source

  • Laws 1869, § 2, p. 92;
  • Laws 1870, § 1, p. 15;
  • R.S.1913, § 406;
  • C.S.1922, § 323;
  • C.S.1929, § 11-402;
  • R.S.1943, § 10-402;
  • Laws 2023, LB92, § 43.

Annotations

  • Where proposition submitted provides for levying tax to pay interest but fails to provide levy for principal, bond issue may be enjoined. Cook v. City of Beatrice, 32 Neb. 80, 48 N.W. 828 (1891).

  • Submission of proposition to levy tax is mandatory and must be complied with in issuing bonds. State ex rel. Berry v. Babcock, 21 Neb. 599, 33 N.W. 247 (1887).

  • If proposition submitted does not include provision to levy tax for payment of interest, bonds are void. Hamlin v. Meadville, 6 Neb. 227 (1877).

Previous Next
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.