Nebraska § 16-723 - Taxes; payable in cash; sinking fund; investment; matured bonds or coupons; payment.
Full text of Nebraska Revised Statutes of Nebraska § 16-723 — Taxes; payable in cash; sinking fund; investment; matured bonds or coupons; payment., with citation guidance and answers to common questions.
§ 16-723. Taxes; payable in cash; sinking fund; investment; matured bonds or coupons; payment.
All taxes levied for the purpose of raising money to pay the interest or to create a sinking fund for the payment of the principal of any funded or bonded debt of a city of the first class shall be payable in money only. Except as otherwise expressly provided, no money so obtained shall be used for any other purpose than the payment of the interest or debt for the payment of which it shall have been raised. Such sinking fund may, under the direction of the mayor and city council, be invested in any of the unmatured bonds issued by the city, if they can be procured by the city treasurer at such rate or premium as shall be prescribed by ordinance. Any due or overdue bond or coupon shall be a sufficient warrant or order for the payment of the same by the city treasurer out of any fund especially created for that purpose without any further order or allowance by the mayor or city council.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 16-723
What does Revised Statutes of Nebraska § 16-723 cover?
Section 16-723 ("Taxes; payable in cash; sinking fund; investment; matured bonds or coupons; payment.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 16-723?
A common citation format is "Revised Statutes of Nebraska § 16-723" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 16-723 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.