77-5-409 - Effect of election.
§ 77-5-409. Effect of election.
If a majority of the qualified voters who vote in such election vote "for the issuance of electric plant bonds," the governing body of the municipality shall proceed to issue the bonds described in the election resolution. If no such majority so assents, the proposition thus defeated shall not again be the subject of an election until three months shall have expired from the time the election relative to such bonds was held.
Sources: Codes, 1942, § 5530; Laws, 1936, ch. 185.