48-681. Borrowing power of cities and towns An incorporated city or town, in addition to other powers conferred upon it by law, may borrow money and issue bonds for the purpose of improvement, construction, reconstruction, acquisition of rights of way or maintenance of municipal streets and highways.
48-682. Vote on bond issues When the governing body of an incorporated city or town determines to borrow money under the provisions of this article, the question of issuing bonds under this article shall be submitted to the qualified electors of the municipality. No bonds shall be issued without the assent of a majority of […]
48-683. Election resolution A. The governing body shall adopt a resolution calling an election upon the question of the issuance of bonds. The resolution shall state in substance: 1. The maximum amount of bonds to be issued. 2. The purpose for which the bonds are to be issued. 3. The maximum rate of interest which […]
48-684. Registration of voters The governing body may require the registration of all persons desiring to vote at the election and in such case the election resolution shall state the dates, times and places when and where such persons may register. Registration shall begin not less than ten and shall close not less than five […]
48-685. Ballots At the election the ballot shall contain the words " for the bonds" and " against the bonds" and to the right of and opposite each thereof shall be placed a square approximately the size of the squares placed opposite the names of candidates on ballots. The voter shall indicate his vote " […]
48-686. Canvass of returns The governing body shall canvass the returns and declare the result of the election. If it is found by the governing body that a majority of the real property taxpayers who are qualified electors of the municipality voting thereon assent to the issuance of the bonds, the governing body shall provide […]
48-687. Application of election laws Except as otherwise provided in this article, the manner of conducting the registration and election, keeping the poll lists, the returns, declaring the results and doing all acts relating to such election shall conform to the procedure provided by law for the registration and qualification of electors and the holding […]
48-688. Form of bonds; interest rates; redemption; payment of principal and interest; additional security; definition A. Bonds issued under this article shall be fully negotiable within the meaning and for all purposes provided by title 47. They may be in one or more series, may bear dates, may be payable in a medium of payment […]
48-689. Issuance of bonds for public improvements; limitations of amount, successive borrowings; computation A. No city or town may issue bonds under this article unless the aggregate amount of the revenues received by it from highway user taxes, including motor vehicle fuel taxes, and all other taxes, fees, charges or other monies returned to the […]
48-690. Expansion of pledge; effect on prior elections; refunding bonds; conflict of interest A. All bonds issued pursuant to this article shall be paid from, and may hereafter be secured by a pledge of, all revenues received by the city or town issuing the bonds, from taxes, fees, charges and other monies collected by the […]
48-691. Separate fund to pay interest and principal upon maturing installment After any indebtedness is incurred under the provisions of this article, the treasurer of the city or town, during each year such indebtedness continues, shall set aside in a separate fund from the revenues received during such year from highway user taxes, including motor […]
