The governing body of the village may levy a tax on all motor vehicles owned or used in such village, which tax shall be paid to the County Treasurer of the county in which such village is located when the registration fees as provided in Neb. RS 60-329 through 60-339 are paid. Such taxes shall be credited by the County Treasurer to the road fund of such village. Such funds shall be used by such village for constructing, resurfacing, maintaining or improving streets, roads, alleys, public ways or parts thereof, for the amortization of bonded indebtedness when created for such purposes.
(Neb. RS 18-1214) (Prior Code, § 1-823)