21-270 - Election prior to issuance.
§ 21-270. Election prior to issuance.
No bonds shall be issued by a commission, except to fund or refund bondstheretofore issued and thus to redeem a previous liability, unless thequalified voters of the district shall approve by a majority vote of thequalified voters voting in an election the issuance of the bonds. Wheneverthe commission shall determine by resolution that it is advisable to issuebonds for the purposes of the commission, such resolution shall be certifiedto the circuit court of a county or corporation court of a city in whole orin part embraced within the district and the court shall thereupon make anorder requiring the opening of a poll and the taking of the sense of thequalified voters of the district in accordance with § 21-226 on the questionof issuing the bonds in not exceeding the amount stated in such resolution.The question so submitted shall be "Do you favor the issuance of notexceeding $. . . . . . . . . . . . bonds of the . . . . . . . . . . . .sanitation district commission (inserting the amount of bonds stated in suchresolution and the name of the commission)?" If upon the certification ofthe result of the election made by the Secretary of the Commonwealth to thecourt, it shall appear that a majority of the qualified voters of thedistrict voting at the election shall have voted "yes" and in favor of theissuance of the bonds, the court shall make and enter of record an orderstating such result and thereupon the commission shall have power inaccordance with this article to issue bonds in not exceeding the amountstated in such resolution and, in anticipation of the issuance of such bonds,to borrow money on temporary loan and issue temporary bonds therefor.
(1946, p. 356; Michie Suppl. 1946, § 1560iii8.)