357D.11 - BONDS IN ANTICIPATION OF REVENUE.

        357D.11  BONDS IN ANTICIPATION OF REVENUE.         A district may anticipate the collection of taxes by the levy      authorized in this chapter, and to carry out the purposes of this      chapter may issue bonds payable in not more than ten equal      installments with the rate of interest not exceeding that permitted      by chapter 74A.  An indebtedness shall not be incurred under this      chapter until authorized by an election.  The election shall be held      and notice given in the same manner as provided in section 357D.8,      and the same sixty percent vote shall be necessary to authorize      indebtedness.  Both propositions may be submitted to the voters at      the same election.  
         Section History: Early Form
         [82 Acts, ch 1174, § 11]