Statutes, codes, and regulations
Revised Statutes of Nebraska
Chapter 46 - IRRIGATION AND REGULATION OF WATERArticle 1 - IRRIGATION DISTRICTS
BONDS
Section 46-1,123 - Bonds issued to discharge judgments or procure surrender of bonds, notes, and warrants; procedure where less than all outstanding are offered

Neb. Rev. Stat. §§ 46-1,123

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Current with changes through the 2024 First Special Legislative Session
Section 46-1,123 - Bonds issued to discharge judgments or procure surrender of bonds, notes, and warrants; procedure where less than all outstanding are offered

In case within the time therefor set by the board of directors the amount of judgments proposed to be discharged and the amount of notes, warrants and bonds proposed to be surrendered shall not be offered for discharge or surrender, the board of directors may nevertheless accept the discharge of judgments and the surrender of the notes, warrants and bonds which may be offered, and may issue a proportionately less amount of the new bonds, selecting in their discretion which of the new bonds shall in that case be issued, so that the bonds issued will mature in such years as will best suit the needs of the district.

Neb. Rev. Stat. §§ 46-1,123

Laws 1925, c. 128, § 10, p. 339; C.S.1929, § 46-187; R.S.1943, § 46-1,123.