2006 Utah Code - 17A-2-327 — Districts continuing method of selection of trustees -- Resolution -- Irrevocable as long as bonds outstanding -- Revocation of resolution.

     17A-2-327.   Districts continuing method of selection of trustees -- Resolution -- Irrevocable as long as bonds outstanding -- Revocation of resolution.
     Where any district originally created under Chapter 2, Part 3, prior to its amendment by Chapter 29, Laws of Utah 1953, shall elect to operate and issue bonds under that chapter as so amended, the board of trustees may, by resolution duly adopted, provide that the district continue to appoint and elect its trustees in the manner provided in that chapter prior to the 1953 amendment, and that the trustees continue to vote in proportion to the taxable value as provided, which resolution shall be irrevocable as long as any bonds issued by the district pursuant to the voting shall remain outstanding, and until its revocation the trustees of the district shall continue to be elected and appointed, and shall continue to possess votes based on the taxable value of the territory they represent in all respects as if the 1953 amendment had not been adopted. After the bonds have been paid and retired the resolution may be revoked only by the unanimous affirmative vote of all of the trustees, there being at the time no vacancy in any office of trustee.

Renumbered and Amended by Chapter 186, 1990 General Session