reglab/statecodes huggingface dataset:
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-127 - Replacement bond; issuance authorized; when.

10-127.
Replacement bond; issuance authorized; when.
The State Highway Commission, any county, city, village, municipal county, school district, drainage district, irrigation district, public power district, public power and irrigation district, metropolitan utilities district, the Board of Regents of the University of Nebraska, the Board of Trustees of the Nebraska State Colleges, community colleges, sanitary and improvement districts, rural water districts, airport authorities, hospital authorities, or any other municipal corporation or governmental subdivision of the state which has the power to issue bonds or other evidences of indebtedness may issue bonds or other evidences of indebtedness of like date, tenor, amount, and maturity to replace mutilated, destroyed, stolen, or lost bonds or other evidences of indebtedness previously issued and having attached thereto the same corresponding unmatured coupons, if any, as were attached to the mutilated, destroyed, stolen, or lost bonds or other evidences of indebtedness. Issuance of replacement bonds or other evidences of indebtedness of like date, tenor, amount, and maturity may be made (1) in exchange and in substitution for such mutilated bond or other evidence of indebtedness and attached unmatured coupons, if any, upon surrender of such mutilated bond or other evidence of indebtedness and attached unmatured coupons, if any, or (2) in lieu of and in substitution for the destroyed, stolen, or lost bond or other evidence of indebtedness and attached unmatured coupons. In the event such bond or other evidence of indebtedness and attached unmatured coupons, if any, have been destroyed, stolen, or lost, the holder thereof shall first file with the issuer evidence satisfactory to it that such bond or other evidence of indebtedness and attached unmatured coupons have been destroyed, stolen, or lost and of such holder's ownership thereof and shall in any event furnish the issuer with indemnity satisfactory to it and shall comply with any statutory requirements and with such other requirements as the issuer may require. A charge, not exceeding the actual cost thereof, shall be imposed upon such owner to reimburse the issuer for the expenses for issuing each such new bond or evidence of indebtedness, which cost shall be paid before the delivery of the new bond or evidence of indebtedness. Instead of issuing a substituted bond or evidence of indebtedness or instead of delivery of any coupon for a bond or evidence of indebtedness, as the case may be, which has matured or which is about to mature and instead of issuing a substituted bond or other evidence of indebtedness for a bond or other evidence of indebtedness which has been called for redemption, the issuer, upon receiving evidence and being indemnified as provided in this section, at its option may pay the bond or other evidence of indebtedness or such coupon from any source lawfully available therefor without the surrender thereof.
Source
Laws 1971, LB 873, § 1;
Laws 1988, LB 802, § 1;
Laws 2000, LB 1135, § 2;
Laws 2001, LB 142, § 21.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-128 - Replacement bond; issuance; procedure.

10-128.
Replacement bond; issuance; procedure.
Each replacement bond or other evidence of indebtedness shall be authorized by a resolution of the governing body of the issuer and shall be executed by the then appropriate officers thereof.
Source
Laws 1971, LB 873, § 2;
Laws 1990, LB 924, § 3;
Laws 2001, LB 420, § 9.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-129 - Replacement bond; issuance; notice.

10-129.
Replacement bond; issuance; notice.
Upon the issuance of any replacement bond or other evidence of indebtedness the issuer shall notify the paying agent with respect thereto and such paying agent shall not make payment of any portion of the principal or interest of any such mutilated, destroyed, stolen or lost bond or other evidence of indebtedness which has been replaced and shall promptly notify the issuer of such bond or other evidence of indebtedness if and when any such bond or other evidence of indebtedness so replaced is ever presented for payment.
Source
Laws 1971, LB 873, § 3.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-130 - Replacement bond; blank bond; printing authorized.

10-130.
Replacement bond; blank bond; printing authorized.
When any of the issuing bodies described in section 10-127 issues bonds or other evidences of indebtedness after April 30, 1971, such body may cause to be printed a sufficient number of blank bonds or other evidences of indebtedness as it shall deem necessary to provide for future requirements with respect to the issuance of replacement bonds or other evidences of indebtedness.
Source
Laws 1971, LB 873, § 4.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-131 - Bonds of municipal corporation or political subdivision; signatures.

10-131.
Bonds of municipal corporation or political subdivision; signatures.
Notwithstanding any other provisions of the statutes of the State of Nebraska with respect to the issuance of bonds, interest coupons, and other evidence of indebtedness by any county, city, village, municipal county, school district, public power district, public power and irrigation district, airport authority, sanitary and improvement district, or any other municipal corporation or political subdivision, if any bond or other evidence of indebtedness is signed by more than one officer of such issuer, one of the signatures shall be manually affixed thereto and the other signatures may be facsimile signatures of such officers, and with respect to any interest coupons appertaining to any bond or evidence of indebtedness, the signatures on such interest coupon may be facsimile signatures.
Source
Laws 1977, LB 265, § 1;
Laws 2001, LB 142, § 22.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-132 - Bonds of municipal corporation or political subdivision; seal.

10-132.
Bonds of municipal corporation or political subdivision; seal.
If any public officer, county clerk, city clerk, or secretary of any governing body is required to affix the seal of his or her office to any such bond or evidence of indebtedness, the seal may be a facsimile of such seal printed on the bond or evidence of indebtedness.
Source
Laws 1977, LB 265, § 2;
Laws 2001, LB 420, § 10.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-133 - Bonds of municipal corporation or political subdivision; fiscal and consultant fees; how paid.

10-133.
Bonds of municipal corporation or political subdivision; fiscal and consultant fees; how paid.
Any county, city, village, municipal county, school district, public power district, public power and irrigation district, airport authority, sanitary and improvement district, or any other municipal corporation or political subdivision is hereby authorized to pay fiscal and consultant fees incurred with respect to issuance and sale of any bonds, notes, or other evidence of indebtedness out of the proceeds from the sale of such bonds or any other funds available to the issuer, and such payment shall not constitute or be considered as a discount with respect to the sale price of the bonds, notes, or other evidence of indebtedness.
Source
Laws 1977, LB 265, § 4;
Laws 2001, LB 142, § 23.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-134 - Terms, defined.

10-134.
Terms, defined.
As used in sections 10-134 to 10-141, unless the context otherwise requires:
(1) Bond shall mean any bonds, notes, interim certificates, evidences of bond ownership, bond anticipation notes, warrants, or other evidence of indebtedness;
(2) Bond ordinance shall mean the ordinance or resolution adopted by the governing body of an issuer authorizing an issue of bonds and shall include any indenture or similar instrument executed by the issuer in connection with a bond issue;
(3) Fully registered bond shall mean a bond, without interest coupons, as to which the principal and interest are payable to the person shown on the records of the registrar as the owner of the bond as of each interest or principal record payment date designated by the issue in the bond ordinance;
(4) Governing body shall mean the council, board, or other legislative body having charge of the governance of the issuer;
(5) Issuer shall mean any county, city, village, school district, sanitary and improvement district, fire protection district, public corporation, or any other governmental body or political subdivision of the State of Nebraska; and
(6) Paying agent or registrar shall mean: (a) The treasurer or finance officer of the issuer; (b) any national or state bank having trust powers or any trust company; (c) any municipal securities dealer registered under Section 15B of the Securities Exchange Act of 1934, except that such a dealer may act as a paying agent or registrar only with respect to warrants or an issue of bonds maturing within five years from the date of issuance; or (d) the county treasurer of the county in which the issuer is located if such treasurer shall agree to perform such duty. The paying agent and registrar for a bond issue may be, but are not required to be, the same person or entity.
Source
Laws 1983, LB 421, § 1.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-135 - Fully registered bonds; issuance authorized.

10-135.
Fully registered bonds; issuance authorized.
Any issuer, otherwise authorized to issue bonds, is hereby authorized to issue such bonds as fully registered bonds pursuant to sections 10-134 to 10-141. Fully registered bonds shall be issued on such terms as the authorizing laws shall permit, except as otherwise specifically provided in sections 10-134 to 10-141, and in cases of conflict, the terms of sections 10-134 to 10-141 shall govern. Fully registered bonds shall bear interest at such rate or rates, be in such denominations, be in such form and contain such provisions for registration, reissue, and transfer, be executed in such manner, be payable at such place and by any such paying agent, and be sold in such manner and for such prices as the governing body of the issuer shall determine. Fully registered bonds may be executed with the facsimile signature of the officers of the issuer designated to execute such bonds and need not be manually executed by any officers of the issuers, except that each bond shall be authenticated as to its validity in the manner designated by the governing body of the issuer in the bond ordinance. Fully registered bonds may bear the facsimile seal of the issuer printed on the bond.
Source
Laws 1983, LB 421, § 2.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-136 - Fully registered bonds; issuer; registrar; powers and duties.

10-136.
Fully registered bonds; issuer; registrar; powers and duties.
For each issue of fully registered bonds, the issuer shall designate a registrar and one or more paying agents. The registrar shall have such duties with respect to maintaining records as to ownership of fully registered bonds and handling transfers of ownership as the governing body shall determine and the registrar shall accept. To carry out transfers of ownership of bonds, the registrar may be authorized to issue replacement bonds to replace previously issued bonds or to issue other evidence of ownership of bonds, and all replacement bonds or ownership documents shall be on the same terms as the bonds initially issued by the issuer for which the replacement bonds or other ownership documents are issued. No issuer shall be responsible for payment on any bonds of any issue in excess of (1) the principal amount of the bonds of such issue plus interest on the principal, (2) any applicable redemption premium, and (3) any fees and expenses of the registrar and paying agents which the issuer has agreed to pay. An issuer may designate in the bond ordinance a record payment date for payment of interest and the record payment date may be prior to the due date for interest on any bond. Any issuer may authorize and provide for ownership of fully registered bonds to be in book-entry form with ownership being evidenced only on the books of the registrar or in such other manner as the issuer shall provide in the bond ordinance.
Source
Laws 1983, LB 421, § 3.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-137 - Bond anticipation notes; issuance authorized; conditions.

10-137.
Bond anticipation notes; issuance authorized; conditions.
Any issuer, except a sanitary and improvement district, which is authorized to issue warrants to pay costs of any water, sanitary, or storm sewer or other utility improvement or any street improvement, pending permanent financing by issuance of bonds, is hereby authorized to provide temporary financing for costs of such improvements by issuance of bond anticipation notes in lieu of issuing warrants. Such notes may be issued in the amount of the estimated cost of the improvements to be financed, including interest to accrue on such notes, as such estimated costs shall be determined by the governing body. Such notes shall be paid from the proceeds of bonds which the issuer is otherwise authorized to issue for such improvements and from any other funds available for the purpose. Bond anticipation notes may be issued on such terms and conditions and sold in such manner and at such prices as the governing body of the issuer shall determine. An issuer which has issued and has outstanding bond anticipation notes pursuant to this section may issue refunding notes with which to call and redeem all or any part of the outstanding notes at or before maturity or the redemption day of the notes. Such refunding notes may be issued in an amount sufficient to pay any redemption premium and interest to accrue and become payable on the notes being refunded to the date of payment of such notes. The refunding notes may be issued on such terms and conditions and sold in such manner and at such prices as the governing body of the issuer shall determine and shall be payable from the same sources as would have been available for payment of the notes being refunded.
Source
Laws 1983, LB 421, § 4.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-138 - Refunding warrants; issuance authorized; conditions.

10-138.
Refunding warrants; issuance authorized; conditions.
Any issuer, except a sanitary and improvement district, which has issued outstanding warrants may issue refunding warrants with which to pay and redeem all or any part of the outstanding warrants, including interest to accrue and become payable on the warrants being refunded. Such refunding warrants may be issued on such terms and conditions and sold at such prices as the governing body of the issuer shall determine. Refunding warrants shall be payable from the same sources as would have been available for payment of the warrants being refunded.
Source
Laws 1983, LB 421, § 5.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-139 - County treasurer or other officer holding funds; duties.

10-139.
County treasurer or other officer holding funds; duties.
Any county treasurer or other officer holding any funds of an issuer shall transfer to the issuer or to a paying agent all or such portion of such funds as the governing body or treasurer of the issuer shall request. The county treasurer or officer making payment to the issuer or to a paying agent as requested shall have no further responsibility for the funds so transferred. Upon request, one payment shall be for the funds collected or received during the previous calendar month and shall be paid not later than the fifteenth of the following month. A second demand may be made prior to the fifteenth of the month on taxes and special assessments collected or received, during the first fifteen days of the month. The second demand shall be paid not later than the last day of the month.
Source
Laws 1983, LB 421, § 6;
Laws 1998, LB 1104, § 3.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-140 - Issuance of bonds; recording requirements.

10-140.
Issuance of bonds; recording requirements.
Within sixty days after the initial issuance and delivery of all fully registered bonds, the issuer shall maintain a record of the issuance including (1) the following information: (a) The name of the issuer; (b) the title or designation of the bonds; (c) the total principal amount of such bonds initially issued; (d) the date or dates of maturity of principal and the amount of principal maturing on such date or dates; (e) the interest rate or rates and the date or dates such interest is payable; (f) the place or places where the principal of and interest on the bonds are payable; (g) the costs of issuance paid and to whom; and (h) the principal purpose for which such bonds were issued and (2) a copy of the form filed for the bonds pursuant to section 149(e) of the Internal Revenue Code. Within sixty days after the initial issuance and delivery of all fully registered bonds, the issuer shall also file a record of the information required by this section with the Auditor of Public Accounts who shall maintain such information for public inspection.
Source
Laws 1983, LB 421, § 7;
Laws 1986, LB 425, § 1;
Laws 1993, LB 516, § 2;
Laws 1995, LB 574, § 13;
Laws 2001, LB 420, § 11.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-141 - Registrar's records; available for inspection; when.

10-141.
Registrar's records; available for inspection; when.
The records of ownership of fully registered bonds maintained by a registrar shall not be deemed to be public records and shall be available for inspection solely pursuant to a court order or a subpoena of any governmental agency having jurisdiction to issue such subpoena or in accordance with the bond ordinance governing the fully registered bonds.
Source
Laws 1983, LB 421, § 8.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-143 - Sections, how construed.

10-143.
Sections, how construed.
Sections 10-134 to 10-142 shall be deemed to provide an additional alternative and complete method for doing of the things authorized in such sections and shall be deemed and construed to be supplemental and additional to powers conferred by any other laws or home rule charters and shall not be regarded to be in degradation of any powers existing on March 10, 1983, except that insofar as provisions of sections 10-134 to 10-142 are inconsistent with any other law or home rule charter, the provisions of sections 10-134 to 10-142 shall be controlling.
Source
Laws 1983, LB 421, § 16.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-144 - Bonds issued by agency or political subdivision; registration not required.

10-144.
Bonds issued by agency or political subdivision; registration not required.
Bonds issued after May 8, 2001, by any agency or political subdivision of the state shall not be registered in the office of the Auditor of Public Accounts.
Source
Laws 2001, LB 420, § 1.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-145 - Political subdivision; Internet auction system; authorized.

10-145.
Political subdivision; Internet auction system; authorized.
Any political subdivision may, at the discretion of the governing body of the subdivision, sell bonds which the political subdivision is authorized to issue under any provision of law using an Internet auction system. The governing body shall comply with all other statutory requirements for the issuance of the bonds.
Source
Laws 2003, LB 175, § 16.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-301 - Power and duty of political subdivisions.

10-301.
Power and duty of political subdivisions.
Any county, precinct, township or town, city, village or school district is hereby authorized and required to compromise its indebtedness in the manner hereinafter provided.
Source
Laws 1903, c. 10, § 1, p. 63;
R.S.1913, § 400;
C.S.1922, § 317;
C.S.1929, § 11-301;
R.S.1943, § 10-301.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-302 - Conditions; procedure.

10-302.
Conditions; procedure.
Whenever the county board of any county, the city council of any city, the board of trustees of any village, or the school board of any school district, shall be satisfied by petition or otherwise, that any such county, precinct, township or town, city, village or school district, is unable to pay in full its indebtedness, and one-third of the resident freeholders of such county, precinct, township or town, city, village or school district shall by petition ask that such county, precinct, township or town, city, village or school district compromise such indebtedness, it is hereby required to enter into negotiations with the owner or owners, holder or holders of any such indebtedness, of whatever form, for scaling, discounting or compromising the same.
Source
Laws 1903, c. 10, § 2, p. 63;
R.S.1913, § 401;
C.S.1922, § 318;
C.S.1929, § 11-302;
R.S.1943, § 10-302.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-303 - Coupon bonds; issuance; conditions; limitations.

10-303.
Coupon bonds; issuance; conditions; limitations.
Whenever satisfactory arrangements are made with the owner or owners, holder or holders, or any of them, of such indebtedness, for the payment of the same, the county board, for and on behalf of any such county, precinct, township or town, or the city council of any such city, or the board of trustees of any such village, or the school board of any such school district, upon petition of two-thirds of the resident freeholder of such county, precinct, township or town, village or school district shall have the authority, and it is hereby required to issue the coupon bonds of such county, precinct, township or town, city, village or school district, and after registration to deliver the same to the owner or owners, holder or holders of such indebtedness, in satisfaction of the same, not exceeding the amount of the original indebtedness;
Provided,
the amount of bonds issued under sections 10-301 to 10-305 shall not exceed the total amount of bonded indebtedness which any such county, precinct, township or town, city, village or school district may be empowered to issue by law;
provided further,
sections 10-301 to 10-305 shall not be construed to permit the issuance under any form or authority whatever of a greater bonded indebtedness than is specifically authorized by law;
provided further,
that said sections shall not be used as a subterfuge or for any purpose for the payment of any claims for which the county, precinct, township or town, city, village or school district is authorized to issue bonds by virtue of any other specific act, nor to satisfy any claim or debt which has been wrongfully or illegally authorized.
Source
Laws 1903, c. 10, § 3, p. 63;
R.S.1913, § 402;
Laws 1921, c. 209, § 1, p. 744;
C.S.1922, § 319;
C.S.1929, § 11-303;
R.S.1943, § 10-303.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-304 - Coupon bonds; terms; rate of interest; tax levy.

10-304.
Coupon bonds; terms; rate of interest; tax levy.
Before issuing bonds under the provisions of sections 10-301 to 10-303, the board issuing the same shall by resolution entered upon its records recite the number and denomination of the bonds to be issued, the rate of interest, and to whom and when payable. Such bonds shall be payable in not more than twenty years from the date of their issue, or at any time on or after five years from the date of issuance thereof, at the option of the board issuing the same. They shall bear interest payable annually or semiannually, as provided in said bonds. Said board shall levy a tax on all the taxable property in such county, precinct, township or town, city, village or school district in addition to other taxes, to pay the interest and principal of said bonds as the same shall mature.
Source
Laws 1903, c. 10, § 4, p. 64;
R.S.1913, § 403;
C.S.1922, § 320;
C.S.1929, § 11-304;
R.S.1943, § 10-304;
Laws 1947, c. 15, § 3, p. 83;
Laws 1969, c. 51, § 2, p. 273.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-305 - Coupon bonds; record; duty of local board.

10-305.
Coupon bonds; record; duty of local board.
Every board issuing bonds under the provisions of sections 10-301 to 10-304 shall keep a complete record of all transactions connected therewith.
Source
Laws 1903, c. 10, § 5, p. 64;
R.S.1913, § 404;
C.S.1922, § 321;
C.S.1929, § 11-305;
R.S.1943, § 10-305.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-402 - County and city bonds; election; proposition; contents; additional levy.

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.
Operative Date: September 2, 2023
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).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-403 - County and city bonds; proposition; rate of interest.

10-403.
County and city bonds; proposition; rate of interest.
The proposition shall state the rate of interest such bond shall draw.
Source
Laws 1869, § 3, p. 92;
R.S.1913, § 407;
C.S.1922, § 324;
C.S.1929, § 11-403;
R.S.1943, § 10-403;
Laws 2023, LB92, § 44.
Operative Date: September 2, 2023
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-404 - County and city bonds; publication required; resubmission limited.

10-404.
County and city bonds; publication required; resubmission limited.
Upon a majority of the votes cast being in favor of the proposition submitted, the county board, in the case of a county, and the city council, in the case of a city, shall cause the proposition and the result of the vote to be entered upon the records of said county or city, and a notice of its adoption to be published for two successive weeks in any newspaper in said county or city, if there be one, and if not, then without such publication; and shall thereupon issue said bonds, which shall be and continue a subsisting debt against such county or city until they are paid and discharged;
Provided,
that the question of bond issues in such county or city, when defeated, shall not be resubmitted in substance for a period of six months from and after the date of said election.
Source
Laws 1869, § 4, p. 92;
R.S.1913, § 408;
C.S.1922, § 325;
Laws 1923, c. 69, § 1, p. 206;
C.S.1929, § 11-404;
R.S.1943, § 10-404;
Laws 1971, LB 534, § 2.
Annotations
Section is specifically limited to counties and cities. Lang v. Sanitary District, 160 Neb. 754, 71 N.W.2d 608 (1955).
If notice is not published, bonds are void. Wilbur v. Wyatt, 63 Neb. 261, 88 N.W. 499 (1901).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-405 - County and city bonds; payment; tax levy.

10-405.
County and city bonds; payment; tax levy.
It shall be the duty of the proper officers of such county or city to cause to be annually levied, collected, and paid to the holders of such bonds a special tax on all taxable property within the county or city sufficient to pay the annual interest and principal of the bonds. Not more than twenty percent of the principal of such bonds shall be collected in any one year.
Source
Laws 1869, § 5, p. 93;
Laws 1870, § 2, p. 15;
R.S.1913, § 409;
C.S.1922, § 326;
C.S.1929, § 11-405;
R.S.1943, § 10-405;
Laws 1947, c. 15, § 4, p. 83;
Laws 2023, LB92, § 45.
Operative Date: September 2, 2023
Annotations
Sanitary districts never have been included. Lang v. Sanitary District, 160 Neb. 754, 71 N.W.2d 608 (1955).
Where bonds are issued by county to aid in construction of a railroad, taxable property in territory added to the county after the voting of bonds is liable to taxation for their payment. Chicago, St. P., M. & O. Ry. Co. v. Cuming County, 31 Neb. 374, 47 N.W. 1121 (1891).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-407 - Courthouse bonds; city of the second class; election; proposition; issuance; conditions; limitations; resubmission.

10-407.
Courthouse bonds; city of the second class; election; proposition; issuance; conditions; limitations; resubmission.
The mayor and council of cities of the second class shall have the power to borrow money and pledge the property and credit of such city upon its negotiable bonds in an amount not to exceed one and eight-tenths percent of the taxable valuation of the taxable property within the limits of such city for the purpose of aiding in the building, erecting, constructing, or repairing and furnishing of a county courthouse, in addition to bonds already voted by the county, if authority for the issuance of such bonds has first been obtained by a majority vote of the qualified electors of such city voting on a proposition for such purpose at any general or special election. Such proposition shall be submitted to such electors in the manner provided by law for the submission of propositions to aid in the construction of railroads and other internal improvements. Such bonds shall be sold for not less than par and shall run not to exceed twenty years. The proposition to submit the issue of creating bonded indebtedness therein shall not be resubmitted on the same subject at an election within six months after such proposition has failed to pass.
Source
Laws 1889, c. 9, § 1, p. 81;
R.S.1913, § 411;
C.S.1922, § 328;
Laws 1923, c. 142, § 1, p. 354;
C.S.1929, § 11-407;
R.S.1943, § 10-407;
Laws 1969, c. 51, § 4, p. 275;
Laws 1971, LB 534, § 4;
Laws 1979, LB 187, § 20;
Laws 1980, LB 599, § 1;
Laws 1992, LB 719A, § 18.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-408 - Courthouse bonds; election; procedure.

10-408.
Courthouse bonds; election; procedure.
The election at which any such proposition shall be voted upon shall in all respects be conducted and the returns shall be canvassed and declared in the manner now provided by law for such purposes at general elections held in such cities.
Source
Laws 1889, c. 9, § 2, p. 82;
R.S.1913, § 412;
C.S.1922, § 329;
C.S.1929, § 11-408;
R.S.1943, § 10-408.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-410 - Precinct, township, city of the second class, or village bonds; issuance; conditions; record.

10-410.
Precinct, township, city of the second class, or village bonds; issuance; conditions; record.
If a majority of the votes cast at such election are in favor of the proposition, the county board, city council of cities of the second class, or board of trustees of villages shall, as the case may be, without delay, cause to be prepared and shall issue the bonds in accordance with the petition and notice of election. The bonds shall be signed by the chairperson of the county board, or the person authorized to sign county bonds, and be attested by the county clerk, mayor and city clerk of cities of the second class, chairperson of the board of trustees and village clerk of villages, and be attested by the respective seals. The county clerk, village clerk of villages, or city clerk of cities of the second class, as the case may be, shall enter upon the records of the board or council, the petition, bond, notice and call for the election, canvass of the vote, the number, amount, and interest, and the date at which each bond issued shall become payable.
Source
Laws 1885, c. 58, § 2, p. 269;
Laws 1899, c. 49, § 2, p. 262;
R.S.1913, § 414;
Laws 1917, c. 8, § 1, p. 62;
C.S.1922, § 331;
C.S.1929, § 11-410;
R.S.1943, § 10-410;
Laws 1967, c. 33, § 2, p. 154;
Laws 1971, LB 534, § 6;
Laws 2001, LB 420, § 12.
Annotations
Two-thirds majority vote is required to give validity to bonds. Lang v. Sanitary District, 160 Neb. 754, 71 N.W.2d 608 (1955).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-411 - Precinct, township, city of the second class, or village bonds; payment; taxes; levy and collection.

10-411.
Precinct, township, city of the second class, or village bonds; payment; taxes; levy and collection.
The county boards, 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 10-409 be paid, levy upon the taxable property in the precinct, township, 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 said bonds.
Source
Laws 1885, c. 58, § 3, p. 270;
Laws 1899, c. 49, § 3, p. 263;
R.S.1913, § 415;
C.S.1922, § 332;
C.S.1929, § 11-411;
R.S.1943, § 10-411.
Annotations
Levy of tax for sanitary drainage district authorized. Lang v. Sanitary District, 160 Neb. 754, 71 N.W.2d 608 (1955).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-501 - Issuance; conditions; limitations.

10-501.
Issuance; conditions; limitations.
The county board of any county in the State of Nebraska is hereby empowered to issue coupon bonds of any denomination, as it deems best, sufficient to pay the outstanding and unpaid bonds, warrants, and indebtedness of such county. The county board of any county may limit the provisions of sections 10-501 to 10-509 to any fund or funds of the county. No bonds shall be issued to a greater amount than three and five-tenths percent of the taxable valuation of such county, and the county board shall first submit the question of issuing bonds to a vote of the qualified electors of such county.
Source
Laws 1879, § 132, p. 387;
Laws 1883, c. 28, § 1, p. 191;
R.S.1913, § 416;
C.S.1922, § 333;
C.S.1929, § 11-501;
R.S.1943, § 10-501;
Laws 1979, LB 187, § 22;
Laws 1992, LB 719A, § 20.
Annotations
There was no authority to issue refunding bonds prior to act of 1883. State ex rel. Otoe County v. Babcock, 23 Neb. 802, 37 N.W. 645 (1888).
Bonds held valid by federal court in hands of a bona fide holder may be compromised and bonds issued under this article to refund prior issue. State ex rel. Leese v. Wilkinson, 20 Neb. 610, 31 N.W. 376 (1887).
County commissioners have no authority to employ private parties to refund county bonds, and divert a portion of the amount received therefor from the public treasury. State ex rel. Webster v. Board of County Comrs. of Lancaster County, 20 Neb. 419, 30 N.W. 538 (1886).
Total issues restricted to ten percent of assessed valuation. State ex rel. Wiant v. Babcock, 18 Neb. 141, 24 N.W. 556 (1885).
This section does not authorize levy of sinking fund tax to pay floating indebtedness. Union P. R. R. Co. v. Buffalo County, 9 Neb. 449, 4 N.W. 53 (1880).
Limitation of amount of bonds to ten percent of assessed valuation applies only to bonds issued under this article without regard to bonds previously issued. Valley County v. McLean, 79 F. 728 (8th Cir. 1897).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-502 - Terms; conditions.

10-502.
Terms; conditions.
Any bonds hereafter issued under the provisions of sections 10-501 to 10-509 shall be for the payment by the county issuing the same of the sum specified therein, made payable at the office of the county treasurer, and to run not more than twenty years nor less than five years, with interest payable semiannually; the bonds and coupons shall be signed by the chairman of the board, and countersigned by the county clerk of the county;
Provided,
such bonds may be made redeemable at any time after five years, at the option of the county board.
Source
Laws 1879, § 133, p. 387;
R.S.1913, § 417;
C.S.1922, § 334;
C.S.1929, § 11-502;
R.S.1943, § 10-502;
Laws 1969, c. 51, § 6, p. 277.
Annotations
Antedating, not to evade law, does not invalidate bonds. State ex rel. Hoffman v. Moore, 46 Neb. 590, 65 N.W. 193 (1895).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-503 - Sale; price; duties of county board; vote.

10-503.
Sale; price; duties of county board; vote.
It shall be the duty of the county board of any county issuing bonds under the provisions of sections 10-501 to 10-509 to ascertain the highest price at which said bonds can be negotiated and to embrace in the proposition submitted to the qualified electors under said sections the minimum price at which said bonds shall be sold. If by the issuance of the proposed bonds, the rate of interest on the said indebtedness will be reduced, and the amount of the indebtedness will not be increased, a majority of the votes cast shall be sufficient to adopt the proposition.
Source
Laws 1879, § 134, p. 388;
Laws 1883, c. 28, § 1, p. 192;
R.S.1913, § 418;
C.S.1922, § 335;
C.S.1929, § 11-503;
R.S.1943, § 10-503;
Laws 1983, LB 421, § 13.
Annotations
Constitutionality of 1883 amendment sustained permitting issuance of refunding bonds by majority vote. State ex rel. Douglas County v. Cornell, 54 Neb. 72, 74 N.W. 432 (1898).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-504 - Sale; proceeds; disposition; exchange.

10-504.
Sale; proceeds; disposition; exchange.
It shall be the duty of the board issuing bonds under the provisions of sections 10-501 to 10-509 to negotiate said bonds, and all the proceeds arising from the sale of said bonds shall be paid into the county treasury of said county, and shall be applied solely to the redemption and payment of the unpaid bonds, warrants and indebtedness of said county;
Provided,
the county board of any county may exchange such bonds at not less than their par value, for the outstanding indebtedness of such county;
Provided further,
no bonds shall be issued, for the purpose of such exchange, for a less sum than fifty dollars.
Source
Laws 1879, § 135, p. 388;
Laws 1883, c. 28, § 1, p. 192;
R.S.1913, § 419;
C.S.1922, § 336;
C.S.1929, § 11-504;
R.S.1943, § 10-504.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-505 - Payment; notice to holders; cancellation; form.

10-505.
Payment; notice to holders; cancellation; form.
Whenever bonds subject to sections 10-501 to 10-509 are sold and the proceeds paid into the county treasury, it shall be the duty of the county treasurer to immediately notify the holders of all bonds, warrants, orders, certificates, or audited accounts intended to be redeemed and paid under the provisions of sections 10-501 to 10-509; and the holders of such bonds, warrants, orders, certificates, or audited accounts, dated prior to the issuing of such bonds, shall present the same for payment, and the county treasurer shall pay the same out of the funds so provided, and the county treasurer shall forthwith cancel such bonds, warrants, orders, certificates, or audited accounts so presented and paid, by writing across the face of each of them with red ink, plainly and legibly, the following words (properly filling the blank): "Canceled from bonds and warrants, bond funds this .......... day of .......... 20.... .
Signed ....................., county treasurer. Signed ......................., holder."
Source
Laws 1879, § 136, p. 388;
Laws 1883, c. 28, § 1, p. 192;
R.S.1913, § 420;
C.S.1922, § 337;
C.S.1929, § 11-505;
R.S.1943, § 10-505;
Laws 2004, LB 813, § 1.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-506 - Record; contents; duty of county treasurer.

10-506.
Record; contents; duty of county treasurer.
The treasurer of said county shall record in a book kept for that purpose a statement of all the bonds issued, giving the number, amount, date, and to whom issued; and shall also keep and record in said book a statement of all the bonds, warrants, orders, certificates and audited accounts so taken, giving their number, date, amount of principal and interest, if any, to whom issued, by whom presented for redemption, and as often as he may be called upon by the said board so to do, he shall present a statement thereof, and of all his doings in the premises, to the said county board.
Source
Laws 1879, § 137, p. 389;
Laws 1883, c. 28, § 1, p. 193;
R.S.1913, § 421;
C.S.1922, § 338;
C.S.1929, § 11-506;
R.S.1943, § 10-506.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-507 - Tax levy; limit.

10-507.
Tax levy; limit.
The county board of any county issuing bonds under sections 10-501 to 10-509 shall levy a tax annually for the payment of the interest on the bonds. An additional amount shall be levied and collected sufficient to pay the principal of such bonds at maturity. Not more than twenty percent of the principal of such bonds shall be levied and collected in any one year.
Source
Laws 1879, § 138, p. 389;
R.S.1913, § 422;
C.S.1922, § 339;
C.S.1929, § 11-507;
R.S.1943, § 10-507;
Laws 2023, LB92, § 46.
Operative Date: September 2, 2023
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-508 - County board; adopt rules and regulations.

10-508.
County board; adopt rules and regulations.
The county board is hereby directed to adopt such rules and regulations governing all officers and other persons in the payment, redemption, cancellation and destruction of such warrants, orders, certificates and audited accounts as it deems necessary and sufficient to protect the interests of the county in furtherance of the provisions of sections 10-501 to 10-509.
Source
Laws 1879, § 139, p. 389;
R.S.1913, § 423;
C.S.1922, § 340;
C.S.1929, § 11-508;
R.S.1943, § 10-508.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-509 - Prohibited acts; penalty.

10-509.
Prohibited acts; penalty.
If any person or officer, contrary to the provisions of sections 10-501 to 10-509, shall knowingly issue or deliver, or put in circulation, use, or in any manner dispose of, contrary to law, any warrant, order, certificate or audited account, intended to be redeemed or paid under the provisions of said sections, either before or after the same has been paid or canceled, and thereby defraud, or attempt to defraud, any corporation, county, state or person, he shall be guilty of a Class IV felony.
Source
Laws 1879, § 140, p. 389;
R.S.1913, § 424;
C.S.1922, § 341;
C.S.1929, § 11-509;
R.S.1943, § 10-509;
Laws 1977, LB 40, § 69.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-606 - City of the second class and village; issuance; limitations; election; notice.

10-606.
City of the second class and village; issuance; limitations; election; notice.
Any city of the second class and any village in the State of Nebraska may issue bonds for the purpose of funding any and all indebtedness now existing or hereafter created, now due or to become due;
Provided,
said bonds shall be payable in not less than two years and not more than twenty years from date of their issue, and that said bonds shall bear interest at a rate set by the governing body, with interest coupons attached, payable annually or semiannually; and may levy a tax on all the taxable property in the city or village in addition to other taxes for the payment of said coupons as they respectively become due, and the taxes levied to pay the same shall be payable only in cash or coupons;
Provided,
the city council of said cities or said board of trustees of said villages shall further authorize the issuing of said bonds by ordinance when so instructed by a majority of all of the votes cast at an election held in such city or village for that purpose; notice of said election shall be published in four issues of some legal newspaper, published in the city or village seeking to issue bonds, or if there be no newspaper published in said city or village then by posting said notices in five conspicuous places in said city or village for at least four weeks prior to the date of said election.
Source
Laws 1881, c. 19, § 1, p. 161;
Laws 1911, c. 22, § 1, p. 142;
R.S.1913, § 429;
C.S.1922, § 346;
Laws 1925, c. 42, § 1, p. 162;
C.S.1929, § 11-605;
R.S.1943, § 10-606;
Laws 1969, c. 51, § 10, p. 279.
Annotations
A claim sounding in contract, which may be enforced in the courts, is an indebtedness for the payment of which funding bonds may be issued. State ex rel. City of Tekamah v. Marsh, 108 Neb. 835, 189 N.W. 381 (1922).
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-607 - City of the second class; internal improvement and railroad aid refunding bonds; issuance; conditions; limitations; election.

10-607.
City of the second class; internal improvement and railroad aid refunding bonds; issuance; conditions; limitations; election.
Any city of the second class in the State of Nebraska which has heretofore voted and issued bonds to aid in the construction of any railroad or other work of internal improvement and which bonds or any part thereof still remain unpaid and are a legal liability against such city, and have been finally so determined by a court of competent jurisdiction, and bearing interest at ten percent per annum, is hereby authorized to issue coupon bonds at a rate of interest set by the governing body, to be substituted in place of and exchanged for such bonds heretofore issued, whenever such city can effect such substitution and exchange, which substitution and exchange shall not exceed dollar for dollar;
Provided,
such substitution and exchange shall have first been duly authorized by a majority vote of the people of said city at an election to be held for the purpose as provided in section 10-606.
Source
Laws 1881, c. 19, § 2, p. 162;
R.S.1913, § 430;
C.S.1922, § 347;
C.S.1929, § 11-606;
R.S.1943, § 10-607;
Laws 1969, c. 51, § 11, p. 280.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-608 - City of the second class; internal improvement and railroad aid refunding bonds; issuance; requirements.

10-608.
City of the second class; internal improvement and railroad aid refunding bonds; issuance; requirements.
The bonds issued under the provisions of section 10-607 shall have recited therein the object of their issue, and the section of the law under which the issue is made, stating the issue to be in pursuance thereof, and shall also state the number, date and amount of the bond or bonds for which it was substituted, and such new bond shall not be delivered until the surrender of the bond or bonds so designated.
Source
Laws 1881, c. 19, § 3, p. 162;
R.S.1913, § 431;
C.S.1922, § 348;
C.S.1929, § 11-607;
R.S.1943, § 10-608.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-609 - Precinct refunding bonds; issuance; condition.

10-609.
Precinct refunding bonds; issuance; condition.
Whenever it shall be determined by the final judgment of any court of competent jurisdiction, that any bonds purporting to have been issued by the county board of any county not under township organization for or on behalf of any precinct or de facto precinct within said county, for a lawful debt of said county payable by a tax levy upon the property in the said precinct or de facto precinct, said county board is hereby authorized to issue special precinct refunding bonds for the purpose of paying said indebtedness.
Source
Laws 1901, c. 10, § 1, p. 61;
R.S.1913, § 432;
C.S.1922, § 349;
C.S.1929, § 11-608;
R.S.1943, § 10-609.
2023 Nebraska Revised Statutes › Chapter 10 - Bonds › 10-610 - Precinct refunding bonds; terms; recitals; remedies.

10-610.
Precinct refunding bonds; terms; recitals; remedies.
The said funding bonds shall be in such denominations as the board shall elect, shall mature not later than twenty years from their date, and may be payable at an earlier date if the county board so decides, shall bear interest which in rate and amount per annum shall not be greater than that of the bonds originally issued, payable annually or semiannually, shall bear coupons for the amount of the annual interest, shall contain a recital of the indebtedness for which they were issued, and shall have the same remedies for the enforcement as the original debt which they are intended to refund.
Source
Laws 1901, c. 10, § 2, p. 61;
R.S.1913, § 433;
C.S.1922, § 350;
C.S.1929, § 11-609;
R.S.1943, § 10-610;
Laws 1969, c. 51, § 12, p. 280.