Nebraska Statutes 12-506. Real estate; power to acquire; exemption from taxation and legal process; revenue; disbursement
Such association shall have the power to purchase or take by gift, devise, or by exercising the power of eminent domain, and to hold lands, not exceeding three hundred and sixty acres, and improvements thereon, exempt from taxation, execution, or from any appropriation of public purchasers, if the same are used exclusively for cemetery purposes and in nowise with a view to profit. After such land is paid for, all the future receipts and income of such association, whether from the sale of lots, from donations, or otherwise, shall be applied exclusively to laying out, protecting, preserving, and embellishing the cemetery and the avenues leading thereto, to the erection of such building or buildings, vault or vaults, chapel, crematory, mausoleum, and other structures as may be deemed necessary for the cemetery purposes, and to paying the necessary expenses of the association. The procedure to condemn property shall be exercised in the manner set forth in sections 76-704 to 76-724.
Source
- R.S.1866, c. 25, § 49, p. 206;
- Laws 1885, c. 22, § 1, p. 181;
- Laws 1905, c. 39, § 1, p. 275;
- Laws 1911, c. 27, § 1, p. 176;
- 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. 103;
- C.S.Supp.,1941, § 13-505;
- R.S.1943, § 12-506;
- Laws 1951, c. 101, § 33, p. 461.
Terms Used In Nebraska Statutes 12-506
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.