Before issuing any bonds the board shall pass a formal resolution in which shall be found and declared (1) the total amount of the tax as confirmed (both by the original and the supplemented assessment, if any), (2) the total amount of the deductions, if any, thereon, (3) the estimated cost of collection, and (4) the total amount of the net tax available for the payment of the principal and the interest of the bonds the district intends to issue.
Neb. Rev. Stat. § 31-344
Bonds; issuance; resolution; contents; declarations
Laws 1909, c. 149, § 1, p. 528; R.S.1913, § 1839; C.S.1922, § 1786; C.S.1929, § 31-443; R.S.1943, § 31-344.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.