19-1305 Public utilities; extension and improvements; indebtedness; pledge of revenue; combined revenue bonds. - Nebraska Statutes

19-1305. Public utilities; extension and improvements; indebtedness; pledge of revenue; combined revenue bonds.Any city of the first or second class or any village in the State of Nebraska, which owns and operates public utilities consisting of a waterworks plant, water system, sanitary sewer system, gas plant, gas system, electric light and power plant or electric distribution system, may pay for extensions and improvements to any of said public utilities by issuing and selling its combined revenue bonds and securing the payment thereof by pledging and hypothecating the revenue and earnings of any two or more of said public utilities and may enter into such contracts in connection therewith as may be necessary or proper. Such combined revenue bonds shall not be general obligations of the city or village issuing the same and no taxes shall be levied for their payment but said bonds shall be a lien only upon the revenue and earnings of the public utilities owned and operated by the municipality and which are pledged for their payment. SourceLaws 1945, c. 38, § 1, p. 191; Laws 1963, c. 92, § 1, p. 315.