48-1612. Election to authorize issuance of
bonds


A. Upon receiving the report from the engineer provided by section 48-1611, the
board of directors shall proceed to determine the amount of money necessary to be raised
and the character and extent of contract obligations to be undertaken to carry into
effect the adopted plans and purposes, and shall forthwith call an election at which
shall be submitted to the electors of the district possessing the qualifications
prescribed by this chapter the question of whether or not bonds of the district shall be
issued in the amount so determined. The election must be held on the first Tuesday
following the first Monday in November as prescribed by section 16-204, subsection B,
paragraph 1, subdivision (d).


B. Notice of the election shall be given by posting notices in three public places
in each election precinct in the district for at least twenty days, and by publication in
a newspaper published in the county where the office of the board of directors is
maintained, once a week for at least three consecutive weeks. The notice shall specify
the time of holding the election, the amount of bonds proposed to be issued and the
maximum rate of interest to be borne on the bonds.


C. The election shall be conducted and the results thereof determined and declared
in all respects as nearly as possible in conformity with article 3 of this chapter
governing the election of directors. No informalities in conducting the election shall
invalidate the election if it has been otherwise fairly conducted.


D. At the election the ballots shall contain the words "bonds - -yes" and "bonds -
-no". If the majority of the votes cast is "bonds - -yes, "the board of directors shall
cause a series of bonds in the amount authorized to be prepared. If the majority of the
votes cast is "bonds - -no," the result of the election shall be so declared and entered
of record.


E. When the board thereafter deems it for the best interest of the district to
issue bonds for district purposes and that the question of the issuance thereof be
submitted to the electors, the board shall adopt resolutions to that effect and record
them in its minutes, and the board may thereupon submit the question to the electors in
the same manner and with like effect as at the previous election.