Nebraska § 46-119 - Board; organization; officers; bonds; payment of premiums.
Full text of Nebraska Revised Statutes of Nebraska § 46-119 — Board; organization; officers; bonds; payment of premiums., with citation guidance and answers to common questions.
§ 46-119. Board; organization; officers; bonds; payment of premiums.
On the first Wednesday following their election, the board of directors shall meet and organize as a board, elect a president from their number and appoint a secretary, treasurer, and assessor. All such offices may be held by one person. When the offices of secretary and treasurer are held by one person he shall give a penal bond in the sum of not less than fifty percent of the general fund levy for the current year, but when the offices of secretary and treasurer are held by separate individuals, then the treasurer shall be required to give bond in the sum of not less than twenty percent of the levy for general fund purposes for the current year. The secretary shall be required to give a penal bond in a sum of not less than thirty percent of the general fund levy for the current year, but the board of directors may increase the amount of either or both of such bonds in such an amount as it may think necessary. All of such bonds shall be approved by the directors of the district; Provided, that the district shall pay the cost of such bonds.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 46-119
What does Revised Statutes of Nebraska § 46-119 cover?
Section 46-119 ("Board; organization; officers; bonds; payment of premiums.") 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 § 46-119?
A common citation format is "Revised Statutes of Nebraska § 46-119" (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 § 46-119 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.