Elección para la Emisión de Bonos de Obligación General

Sec. 1002.303. GENERAL OBLIGATION BOND ELECTION. (a) The district may issue general obligation bonds only if the bonds are authorized by a majority of the voters voting in an election held for that purpose. (b) The board may call the election on its own motion. The order calling the election must specify: (1) the date of the election; (2) the place or places where the election will be held; (3) the names of the presiding election officers; (4) the purpose for which the bonds are to be issued; (5) the amount of the bonds; (6) the maximum interest rate of the bonds; and (7) the maximum maturity of the bonds, which may not exceed 40 years from the date of issuance. (c) Notice of a bond election shall be given by publishing a substantial copy of the order calling the election in a newspaper of general circulation in the district as provided by Section