2005 Idaho Code - 31-4326 — INDEBTEDNESS INCURRED UPON FAVORABLE VOTE -- RESUBMISSION OF PROPOSITION NOT RECEIVED FAVORABLY

                                  TITLE  31
                           COUNTIES AND COUNTY LAW
                                  CHAPTER 43
                             RECREATION DISTRICTS
    31-4326.  INDEBTEDNESS INCURRED UPON FAVORABLE VOTE -- RESUBMISSION OF
PROPOSITION NOT RECEIVED FAVORABLY. In the event that it shall appear from
said returns that a majority, in the amount which is now, or may hereafter be,
set by the constitution of the state of Idaho for approval of indebtedness, of
the qualified electors of the district voting at such election shall have
voted in favor of such proposition or any proposition submitted hereunder at
such election, the district shall thereupon be authorized to incur such
indebtedness or obligations, enter into such contract or issue and sell bonds
of the district, as the case may be, all for the purpose or purposes, and
object or objects provided for in the propositions submitted hereunder and in
the resolution therefor and in the amount so provided at a rate of interest
not exceeding the rate of interest recited in such resolution. The submission
of the proposition of incurring such obligation or bonded or other
indebtedness at such an election shall not prevent or prohibit submission of
the same, or other propositions, at subsequent election or elections called
for such purpose at any time.