65-33-19 - Federal aid; notice; election.
§ 65-33-19. Federal aid; notice; election.
The board of supervisors of any such county may, in its discretion, issue and sell the bonds of such county in an amount not exceeding two hundred thousand ($200,000.00) dollars to provide funds for the purposes enumerated in Section 65-33-17. However, such bonds shall not be issued until notice of intention to issue and sell the same shall have been made by publishing such notice in two weekly issues of some newspaper having a general circulation in the county. If, within fifteen days after the first publication of such notice twenty-five per cent of the qualified electors of the county petition the board of supervisors for an election to determine whether or not such bonds shall be issued, an election shall be ordered by said board of supervisors in which all of the qualified electors of the county shall be eligible to participate. If at such election a majority of those voting vote in favor of the issuance of such bonds the same shall be issued as provided by statute. In event a majority of the qualified electors voting vote against the issuance of such bonds the same shall not be issued and no further effort shall be made to issue bonds under Sections 65-33-17 through 65-33-21 by such board for a period of six months after such election. If no such petition be filed with the clerk of such board of supervisors within fifteen days after the first publication of such notice, the board of supervisors shall proceed forthwith to issue and sell such bonds without an election and without further notice.
Sources: Codes, 1942, § 8501; Laws, 1940, ch. 258.