It shall be the duty of the proper officers of such county or city to cause to be annually levied, collected, and paid to the holders of such bonds a special tax on all taxable property within the county or city sufficient to pay the annual interest and principal of the bonds. Not more than twenty percent of the principal of such bonds shall be collected in any one year.
Neb. Rev. Stat. § 10-405
County and city bonds; payment; tax levy
Laws 1869, § 5, p. 93; Laws 1870, § 2, p. 15; R.S.1913, § 409; C.S.1922, § 326; C.S.1929, § 11-405; R.S.1943, § 10-405; Laws 1947, c. 15, § 4, p. 83; Laws 2023, LB92, § 45.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.