42-713. Bond resolution; election; publication notice.

42-713

Chapter 42.--IRRIGATION
Article 7.--DISTRICTS

      42-713.   Bond resolution; election; publication notice.(a) The board of directors of any irrigation district, created under theprovisions hereof, which has previously complied with the conditionsprecedent thereto may adopt a resolution stating (1) the amount of bondsproposed to be issued; (2) the rate or rates they shall bear; (3) the yearsof maturity; (4) the purpose for which they are proposed to be issued; (5)the total amount of existing bonded indebtedness, if any; and (6) astatement directing submission of said resolution to approval of electorsin said district and the date and polling places for said election. Suchbond elections shall be conducted and the returns thereof made andcanvassed in same manner as for regular election of members of the board ofdirectors as provided in subsection (c) and (d) of section 42-706 except asotherwise provided in this act.

      (b)   Upon adoption of such resolution by the board of directors providingfor the issuance of bonds, the secretary of said board shall cause noticeof said election to be given by posting notice thereof in at least three(3) conspicuous places in the district and by publishing said notice threetimes in a weekly newspaper published in the county where the registeredoffice of said district is located. If no newspaper is published therein,publication in any newspaper of general circulation in the district shallbe deemed sufficient. The date of the posting and the publication in thefirst issue of newspapers containing such notice shall be not less thantwenty-one (21) days before the date of such election. Said notice shallcontain a full copy of the resolution, and the question to be submitted atthe election shall be whether said resolution shall be approved. The ballotfor such election shall be written or printed and shall state the questionin substantially the following form:

      Shall the resolution of __________ Irrigation District No. ______providing for the issuance of its bonds in an amount not to exceed $______for the purpose of __________, be approved

(With all blanks filled in and completed.)

Yes __________| |;[ ]No __________| |;[ ]

      History:   L. 1941, ch. 262, § 13; L. 1961, ch. 242, § 3; April 6.