12-1270.   Same; issuance of bonds; purpose; election; tax levy.The board may issue general obligation bonds of the library district for thepurpose of constructing, reconstructing, repairing, remodeling, furnishing andequipping any buildings or additions thereto, together with sites therefor, forlibrary purposes. No bonds shall be issued until the question of theirissuance and the amount of such issuance has been submitted to a vote of thequalified electors of the library district at anyspecial, general or primary election, and a majority of the qualifiedelectors voting thereon votes in favor thereof. The election shall be calledand held and the bonds shall be issued, sold, delivered, registered andretired in the manner provided by the general bond law. Bonds issuedpursuant to this section shall not be subject to or within any bonded debtlimit of the city or county. The boardshall have the power to levy a tax against all taxable tangibleproperty in the library district for the purpose of paying the principal of,redemption premium, if any, and interest on any bonds issued pursuant to thissection.

      History:   L. 1992, ch. 133, § 11; July 1.