An irrigation district shall have power to issue bonds in consideration of the surrender and cancellation of its outstanding notes and warrants in an amount not exceeding by more than one thousand dollars the principal and interest of the notes and warrants surrendered.
Neb. Rev. Stat. § 46-1,117
Bonds; issuance to procure surrender of notes and warrants; power of district; limit
Laws 1925, c. 128, § 4, p. 336; C.S.1929, § 46-181; R.S.1943, § 46-1,117.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.