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31-510 Borrowing money; bonds; interest; limit of indebtedness.

NE Code § 31-510 (2019) (N/A)
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31-510. Borrowing money; bonds; interest; limit of indebtedness.

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.

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Sanitary districts may borrow money for corporate purposes. Lang v. Sanitary District of Norfolk, 160 Neb. 754, 71 N.W.2d 608 (1955).

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31-511 Bonded indebtedness; election required; manner of submission.