48-2791. Proposal to destroy unsold bonds; call for election; destruction of bonds When there remains in the possession of the board of directors after completion of its drainage system and payment of all demands against the district, any bonds authorized to be issued by the district but not sold and not necessary to be sold […]
48-2792. Election on proposal to destroy unsold bonds The election provided by section 48-2791 shall be held in the same manner as other elections are held under the provisions of this article. Notice of the election shall be given in the same manner as provided for giving notice of special elections for the issuance of […]
48-2793. Order for destruction of unsold bonds When the vote is canvassed by the board of directors and entered of record, if it is found that a majority of the votes cast is " for destroying bonds – -yes, " the president of the board, in the presence of a majority of the members of […]
48-2794. Authority to reduce bonded indebtedness When the board of directors determines that the authorized bonded indebtedness of the district is greater than the district will require to complete its system as planned, the board may call a special election for the purpose of voting upon a proposal to reduce the bonded indebtedness to an […]
48-2795. Election to reduce bonded indebtedness; notice and conduct of election A. Notice of the election to reduce the bonded indebtedness of the district shall be given in the same manner as provided for calling special elections for issuance of bonds. The notice of election shall state the amount of the authorized bonded indebtedness of […]
48-2796. Effect of reduction of bonded indebtedness on validity of other bonds authorized No reduction of the bonded indebtedness as provided by sections 48-2794 and 48-2795 shall in any manner affect any order of court which has been made adjudicating and confirming the validity of such bonds.
