48-1614. Issuance of bonds maturing in less
than thirty years


Any district may, by a majority vote of the electors of the district possessing the
qualifications of electors as provided by this chapter, authorize the issuance of bonds
which will mature in any number of years less than thirty, whereupon the bonds shall
mature each successive year thereafter upon the same basis and percentage as is provided
in this article for bonds commencing to mature on the twenty-first year. The district,
in such an instance, may arrange for the payment of such bonds in series as provided by
this article.