48-631. Authority to provide general improvement fund Municipal corporations may incur a bonded indebtedness to provide a fund to be called a " general improvement fund." The fund may be invested or reinvested in any bonds issued for work and public improvements, the cost of which in whole or in part is to be ultimately […]
48-632. Procedure for investment bond election A. When the governing body of a municipality at a meeting has determined that the public interest or necessity demands the acquisition, construction or completion of an improvement authorized by articles 1 and 2 of this chapter, it may at that or a subsequent meeting, by a vote of […]
48-633. Publication and posting of resolution for bond election; form of bonds; payment and redemption A. The resolution shall be published as provided by section 39-121 and posted in three public places in the municipality for one week. It shall require the votes of a majority of the qualified voters voting at the special election […]
48-634. Sale of bonds; disposition of proceeds The bonds may be issued and sold by the governing body as it may determine at public or private sale or by an on-line bidding process, but for not less than par. The proceeds shall be placed in the treasury to the credit of a fund to be […]
48-635. Disposition and investment of bond sale proceeds A. The governing body shall keep the funds arising from the sale of the bonds separate and distinct from other funds, and invest and reinvest them in the improvement bonds issued for work and public improvements, or used for the purposes provided in articles 1 and 2 […]
