14-812. City property; exemption from taxation, execution; judgments, how paid.
106 words·~1 min read·
/ne/chapter-14/14-812A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Lands, houses, money, debts due to a city of the metropolitan class, property, and assets of every description belonging to any such city, shall be exempt from taxation, execution, and sale. Judgments against such city shall be paid out of the judgment fund, or out of a special fund created for such purpose.
Municipal waterworks of Omaha is not taxable. City of Omaha v. Douglas County, 96 Neb. 865, 148 N.W. 938 (1914).
Term "special fund" refers to a levy made for payment of specific judgments when general levy is insufficient. City of Omaha v. State ex rel. Metzger, 69 Neb. 29, 94 N.W. 979 (1903).