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Current as of January 01, 2024 | Updated by Findlaw Staff
Any municipality maintaining and operating a cemetery either within or without its corporate limits shall have the power to borrow money and pledge the property and credit of the municipality upon its municipal bonds or otherwise for the purpose of enlarging or improving such cemetery in an amount not to exceed five percent of the taxable valuation of the property in such municipality. No such bonds shall be issued until they have been authorized by a majority vote of the electors of the municipality voting on the proposition of their issuance at a general municipal election or at a special municipal election called for the submission of such proposition.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 12. Cemeteries § 12-1001. Power to borrow money; issuance of bonds - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-12-cemeteries/ne-rev-st-sect-12-1001/
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