2005 Idaho Code - 43-502 — ELECTION TO AUTHORIZE SECONDARY BONDS

                                  TITLE  43
                             IRRIGATION DISTRICTS
                                  CHAPTER 5
                       SECONDARY BONDS TO PAY INTEREST
    43-502.  ELECTION TO AUTHORIZE SECONDARY BONDS. Before the board of
directors of any such irrigation district shall cause to be issued and sold
any of the coupon bonds of said district mentioned in the preceding section,
they shall first call a special election and there shall be submitted to the
qualified electors of said district who are residents of the district, the
holders of title or evidence of title to lands in said district, the question
of whether or not the bonds in said district in the amount determined and set
forth in the resolution of the board of directors of the district shall be
authorized to be issued for said purpose.
    Notice of such election must be given by posting notice in three (3)
public places in each election precinct in said district at least four (4)
weeks before the date of said election, and the publication thereof for the
same length of time in some newspaper published in the district, and in case
no paper is published in the district, then in a paper published in each of
the counties in which the district or any part thereof is located. Such notice
must specify the time for holding said election, the amount of bonds proposed
to be issued and the purposes for which the same are to be issued. Said
election must be held and the results thereof determined and declared in all
respects, as nearly as practicable, in conformity with the provisions of
chapter 4 of this title, governing bond elections: provided, that no
informality in conducting such election shall invalidate the same if the
election shall have been otherwise correctly conducted. At such election the
ballots shall contain the words "Bonds--yes" and "Bonds--no," or other words
equivalent thereto. If two-thirds (2/3) of the votes cast are "Bonds--yes" the
board of directors shall cause the bonds in said amounts to be issued; if more
than one-third (1/3) of the votes cast are "Bonds--no" the result shall be so
declared and entered of record.