10-805. Election; proposition; contents; sinking fund; creation; use.
77 words·~1 min read·
/ne/chapter-10/10-805A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proposition, when submitted to the electors, shall provide for a sinking fund, to which shall be credited the proceeds of loans sold by or repaid to the county; and such fund, when available, shall be used to pay the interest on said bonds and the principal thereof at maturity; Provided, however, any part of the sinking fund may be reloaned for the purposes specified in sections 10-801 to 10-807 , when authorized by the county board.