Nebraska Statutes 14-1225. Bridges; state and political subdivisions; competing bridges; limitations upon, for protection of bondholders
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Neither the State of Nebraska nor any political subdivision thereof shall:
Terms Used In Nebraska Statutes 14-1225
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(1) Limit or restrict the rights and powers granted in sections 14-1201 to 14-1252 to the detriment of owners of outstanding bonds; or
(2) Authorize the construction or itself construct any competing bridge within a distance of one mile on either side of the bridge unless and until all of such bonds, together with the interest on such bonds, have been fully paid and canceled, unless other adequate provisions have been made for the protection and guaranty of such bonds.
Source
- Laws 1929, c. 176, § 11, p. 621;
- C.S.1929, § 14-1211;
- R.S.1943, § 14-1225;
- Laws 2022, LB800, § 258.