After sixty days from the completion and approval of the work it shall be the duty of the county board to issue the bonds of the county in the amount of the assessment remaining unpaid at said time, payable in not to exceed ten equal annual installments with interest on deferred payment at seven percent per annum, and said special assessment and taxes shall constitute a sinking fund for the payment of the bonds and interest.
Neb. Rev. Stat. § 23-319
Levees; dikes; bonds; when authorized; term; sinking fund
Laws 1921, c. 269, § 11, p. 897; C.S.1922, § 1036; C.S.1929, § 26-730; R.S.1943, § 23-319; Laws 1947, c. 15, § 14, p. 91.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.