Nebraska Revised Statute 12-507

Chapter 12 Section 507

12-507.

Debts; power to contract; limitations.

No debts shall be contracted in the anticipation of future receipts except for purchasing, laying out, enclosing and embellishing the grounds and avenues, and erecting buildings, vaults, a chapel, a crematory, a mausoleum and other structures, for which a debt or debts may be contracted, not exceeding eighty-five thousand dollars in the aggregate, to be paid out of future receipts.

Source

  • R.S.1866, c. 25, § 49, p. 207;
  • Laws 1885, c. 22, § 1, p. 182;
  • Laws 1905, c. 39, § 1, p. 275;
  • Laws 1911, c. 27, § 1, p. 177;
  • R.S.1913, § 683;
  • Laws 1917, c. 12, § 1, p. 71;
  • C.S.1922, § 592;
  • Laws 1925, c. 138, § 1, p. 365;
  • C.S.1929, § 13-505;
  • Laws 1941, c. 18, § 1, p. 104;
  • C.S.Supp.,1941, § 13-505;
  • R.S.1943, § 12-507.

Annotations

  • Cemetery association is authorized to incur indebtedness not exceeding eighty-five thousand dollars. Root v. Morning View Cemetery Assn., 174 Neb. 438, 118 N.W.2d 633 (1962).

  • Funds may be appropriated to improvement of avenues leading thereto. Greenwood Cemetery v. City of Wayne, 110 Neb. 300, 193 N.W. 734 (1923).