30-192. Authorization for bond or collateral
security
The governing or administrative body of an operating unit, if it finds the giving of
the bond or pledge, or both, necessary or advisable and for the best public interest, may
by two-thirds vote of its members at any regular or special meeting, pass and adopt a
resolution or take other appropriate action authorizing the making and delivery of the
bond or pledge, or both, as circumstances indicate. The findings of the body and its
determination respecting the bond or pledge shall be final and conclusive. The
authorized officers of the district, state agency or municipality may execute and deliver
the bond or pledge on its behalf.
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