3-707 – Joint authority; powers.
3-707. Joint authority; powers. Any joint authority established under the Joint Airport Authorities Act shall have power: (1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire, hold, and dispose of personal property for its corporate purposes; (4) To acquire, by purchase or condemnation, real […]
3-708 – Joint authority; foster, promote, and develop commercial and general aviation.
3-708. Joint authority; foster, promote, and develop commercial and general aviation. A joint airport authority shall, in addition to the powers enumerated in section 3-707, encourage, foster, and promote the development of commercial and general aviation for the area which it serves, and advance the interest of such area in aeronautics and in commercial air […]
3-709 – Funds; deposit; withdrawals; security; contracts authorized.
3-709. Funds; deposit; withdrawals; security; contracts authorized. All income, revenue, receipts, profits, and money of a joint authority, from whatever source derived, shall be paid to the treasurer of the joint authority who shall not commingle such money with any other money under his or her control. Such money shall be deposited in a separate […]
3-710 – Bonds; notes; issuance; requirements; terms; effects of pledge; personal liability; repurchase.
3-710. Bonds; notes; issuance; requirements; terms; effects of pledge; personal liability; repurchase. (1) A joint authority may from time to time issue its negotiable bonds for any corporate purpose in such amounts as may be required to carry out and fully perform the purposes for which such joint authority is established. Such authority may, from […]
3-711 – Bonds; state; not to impair obligations.
3-711. Bonds; state; not to impair obligations. The State of Nebraska does hereby covenant and agree with the holders of bonds issued by a joint authority that the state will not limit or alter the rights hereby vested in a joint authority to acquire, maintain, construct, reconstruct, and operate projects, to establish and collect such […]
3-712 – Bonds; not debt of State of Nebraska or political subdivision.
3-712. Bonds; not debt of State of Nebraska or political subdivision. The bonds, notes, and other obligations of a joint authority shall not be a debt of the State of Nebraska or of the political subdivisions creating or otherwise interested in such joint authority, and neither the state nor any such political subdivision shall be […]
3-713 – Bonds; who may purchase.
3-713. Bonds; who may purchase. Bonds of joint airport authorities are hereby made securities in which all public officers and bodies of this state, all municipal subdivisions and all other political subdivisions of this state, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks […]
3-714 – Joint authority; public purpose; property; bonds; tax exempt.
3-714. Joint authority; public purpose; property; bonds; tax exempt. It is hereby found, determined, and declared that the creation of a joint authority and the carrying out of its corporate purposes is for the benefit of the people of the State of Nebraska, for the improvement of their welfare and prosperity, and for the promotion […]
3-715 – Sections, how construed.
3-715. Sections, how construed. Insofar as the provisions of sections 3-701 to 3-716 are inconsistent with the provisions of any other act or of any city charter, if any, the provisions of sections 3-701 to 3-716 shall be controlling. Source Laws 1969, c. 24, § 15, p. 217.
3-716 – Act, how cited.
3-716. Act, how cited. Sections 3-701 to 3-716 may be cited as the Joint Airport Authorities Act. Source Laws 1969, c. 24, § 16, p. 217.