Neb. Rev. Stat. § 14-365.04

This is the official text of Neb. Rev. Stat. § 14-365.04, part of Nebraska’s Rev. Stat — part of the compiled statutory law of Nebraska, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.

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View Statute 14-365.04

Official statutory text

Bonds which are issued and secured by a mortgage on the utility, as provided in section 14-365.02 , shall not be a general obligation of the city, but shall be paid only out of the revenue received from the service charges, as provided in section 14-365.03 , or from a sale of the property and the franchise, referred to in section 14-365.02 , to operate the system, under a foreclosure proceeding. If a service rate or charge is charged, such portion of such rate or charge as may be deemed sufficient shall be set aside as a sinking fund for the payment of the interest on such bonds and the principal of such bonds at maturity.

Laws 1953, c. 24, § 4, p. 100;

Laws 2022, LB800, § 70.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.