1 State may contract debts; limitation; exceptions
2 Industrial and economic development; powers of counties and municipalities
3 Credit of state; exception
4 Nonprofit enterprise development; powers of counties and municipalities
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Terms Used In Nebraska Constitution > Article XIII - State, County, and Municipal Indebtedness

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Donor: The person who makes a gift.
  • Grantor: The person who establishes a trust and places property into it.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.