33-1123 AUTHORIZATION.
EDUCATION
CHAPTER 11
SCHOOL BONDS
33-1123. Authorization. Refunding bonds shall be authorized by a resolution of the board of trustees fixing the date, denominations, rate of interest, the maturity dates, the last of which shall not exceed the term of the outstanding bonds to be refunded, and place or places of payment, within or without the state of Idaho. The resolution shall also provide for an annual levy, upon all the property which could be levied upon to retire the outstanding bonds to be refunded, of a tax sufficient to pay the interest and principal payments according to the plan of amortization, and shall further provide for notice, or notices, of redemption of the outstanding bonds at the time and in the manner and form prescribed by law.