298.21 - SCHOOL BONDS.
298.21 SCHOOL BONDS. The board of directors of any school corporation when authorized by the voters at an election held on a date specified in section 39.2, subsection 4, paragraph "c", may issue the negotiable, interest-bearing school bonds of the corporation for borrowing money for any or all of the following purposes: 1. To acquire sites for school purposes. 2. To erect, complete, or improve buildings authorized for school purposes. 3. To acquire equipment for schools, sites, and buildings.
Section History: Early Form [S13, § 2812-d; C24, 27, 31, 35, 39, § 4406; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 298.21]
Section History: Recent Form 2008 Acts, ch 1115, §52, 71 Vote required to authorize bonds, § 75.1