Nebraska Statutes 46-270. Irrigation projects; how financed
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Any corporation or association organized under the law of this state for the purpose of constructing and operating canals, reservoirs, and other works for irrigation and water power purposes shall have power to borrow money, to issue bonds, and to mortgage its property and franchises in the same manner as railroad corporations.
Source
- Laws 1919, c. 190, tit. VII, art. V, div. 3, § 25, p. 855;
- Laws 1921, c. 271, § 1, p. 900;
- C.S.1922, § 8475;
- C.S.1929, § 46-625;
- R.S.1943, § 46-270;
- Laws 2000, LB 900, § 125;
- Laws 2001, LB 420, § 31.
Terms Used In Nebraska Statutes 46-270
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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