2005 Idaho Code - 67-4922 — SUBMISSION OF PROPOSITION TO ELECTORATE

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 49
                             AUDITORIUM DISTRICTS
    67-4922.  SUBMISSION OF PROPOSITION TO ELECTORATE. Whenever any board
authorized to levy and collect ad valorem taxes shall, by resolution,
determine that the interest of said district and the public interest or
necessity demand the acquisition, construction, installation or completion of
any works or other improvements or facilities, or the making of any contract
with the United States or other persons or corporations, public or private,
municipalities, or governmental subdivisions, to carry out the objects or
purposes of said district, requiring the creation of an indebtedness of
seventy-five thousand dollars ($75,000) or more, and in any event when the
indebtedness will exceed the income and revenue provided for the year, said
board shall order the submission of the proposition of issuing such
obligations or bonds, or creating other indebtedness to the qualified electors
of the district at an election held for that purpose. The declaration of
public interest or necessity herein required and the provision for the holding
of such election may be included within one and the same resolution, which
resolution, in addition to such declaration of public interest or necessity,
shall recite the objects and purposes for which the indebtedness is proposed
to be incurred, the estimated cost of the works or improvements, as the case
may be, the amount of principal of the indebtedness to be incurred therefor,
and the maximum rate of interest to be paid on such indebtedness. Such
resolution shall also fix the date upon which such election shall be held,
subject to the provisions of section 34-106, Idaho Code, and the manner of
holding the same and the method of voting for or against the incurring of the
proposed indebtedness. Such resolution shall also fix the compensation to be
paid the officers of the election and shall designate the polling place or
places, and shall appoint, for each polling place from the electors of the
district, the officers of such election, consisting of three (3) judges, one
(1) of whom shall act as clerk.