Class IV or V school district; bonds; purchase before maturity.

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  4. Class IV or V school district; bonds; purchase before maturity.

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79-10,116. Class IV or V school district; bonds; purchase before maturity.

If it is deemed advisable by the board of education of a Class IV or V school district to purchase bonds issued by the district before maturity, the treasurer shall sell to the highest bidder in the open market, and in a manner prescribed by the board, such bonds or securities as belong to the school funds and the proceeds thereof shall apply to purchase of bonds issued by the district.

Source

  • Laws 1891, c. 45, § 27, p. 327;
  • R.S.1913, § 7033;
  • C.S.1922, § 6664;
  • C.S.1929, § 79-2727;
  • R.S.1943, § 79-2731;
  • Laws 1949, c. 256, § 219, p. 762;
  • R.S.1943, (1994), § 79-532;
  • Laws 1996, LB 900, § 762.


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