31-510. Borrowing money; bonds; interest; limit of indebtedness.
71 words·~1 min read·
/ne/chapter-31/31-510A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such district may borrow money for corporate purposes and issue bonds therefor, but it shall not become indebted in any manner or for any purpose to an amount in the aggregate in excess of one and four-tenths percent of the taxable valuation of property in the district for county purposes.
Sanitary districts may borrow money for corporate purposes. Lang v. Sanitary District of Norfolk, 160 Neb. 754, 71 N.W.2d 608 (1955).