14-365.06 Sewerage systems and sewage disposal plants; general obligation bonds; interest; power to issue. - Nebraska Statutes

14-365.06. Sewerage systems and sewage disposal plants; general obligation bonds; interest; power to issue.For the purpose of owning, operating, constructing, and equipping such sewage disposal plant and sewerage system, including any storm sewer system, or improving or extending such existing system, or for the purpose stated in sections 14-365.01 to 14-365.05, any such municipality is also authorized and empowered hereby to issue and sell the general obligation bonds of such municipality upon compliance with section 14-365.07. Such bonds shall not be sold or exchanged for less than the par value thereof and shall bear interest payable semiannually. The governing body of any such municipality shall have power to determine the denominations of such bonds, and the date, time, and manner of payment. SourceLaws 1953, c. 24, § 6, p. 101; Laws 1969, c. 51, § 18, p. 283.