(1) Bond shall mean any bonds, notes, interim certificates, evidences of bond ownership,
bond anticipation notes, warrants, or other evidence of indebtedness;
(2) Bond ordinance shall mean the ordinance or resolution adopted by the governing
body of an issuer authorizing an issue of bonds and shall include any indenture or
similar instrument executed by the issuer in connection with a bond issue;
(3) Fully registered bond shall mean a bond, without interest coupons, as to which
the principal and interest are payable to the person shown on the records of the registrar
as the owner of the bond as of each interest or principal record payment date designated
by the issue in the bond ordinance;
(4) Governing body shall mean the council, board, or other legislative body having
charge of the governance of the issuer;
(5) Issuer shall mean any county, city, village, school district, sanitary and improvement
district, fire protection district, public corporation, or any other governmental
body or political subdivision of the State of Nebraska; and
(6) Paying agent or registrar shall mean: (a) The treasurer or finance officer of
the issuer; (b) any national or state bank having trust powers or any trust company;
(c) any municipal securities dealer registered under Section 15B of the Securities
Exchange Act of 1934, except that such a dealer may act as a paying agent or registrar
only with respect to warrants or an issue of bonds maturing within five years from
the date of issuance; or (d) the county treasurer of the county in which the issuer
is located if such treasurer shall agree to perform such duty. The paying agent and registrar for a bond issue may be, but are not required to be,
the same person or entity.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.