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MATTER OF SANITARY & IMP. DIST. 65 OF SARPY COUNTY

No. 87-2616.

873 F.2d 209 (1989)

In the Matter of SANITARY AND IMPROVEMENT DISTRICT 65 OF SARPY COUNTY, NEBRASKA. Edmund W. HOLLSTEIN and other individuals similarly situated, Appellants, v. FIRST NATIONAL BANK OF AURORA, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 8, 1989.

Attorney(s) appearing for the Case

Gary J. Nedved, Lincoln, Neb., for appellants.

William R. Hadley, Omaha, Neb., for appellee.

Before LAY, Chief Judge, BROWN, Senior Circuit Judge, and WOLLMAN, Circuit Judge.

Prior report: 79 B.R. 877.

PER CURIAM.

At issue before the court is the interpretation of Nebraska law concerning the relative repayment rights the Nebraska legislature intended for bondholders and warrantholders in situations where tax revenues are insufficient to fully satisfy both. Specifically, the issue concerns the claims of bondholders of a Sanitary and Improvement District (District) under the Nebraska statutes, Neb...

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