Vote for bond issue - Issuance and sale of bonds - Sale price - Deposit and disbursement of proceeds.

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A. If the three-fifths of the voters voting at the election vote in favor of the issuance of the bonds, the board of county commissioners shall proceed at once to issue the bonds and sell the bonds in the manner now provided by law for the sale of municipal and county bonds.

B. The bonds shall not be sold for less than par and accrued interest.

C. The proceeds of the bonds shall be deposited in the county treasury to be paid out by the treasurer upon warrants authorized to be issued by the board of county commissioners.

Added by Laws 1929, c. 26, p. 23, § 5. Amended by Laws 2001, c. 146, § 209, emerg. eff. April 30, 2001. Renumbered from § 113 of this title by Laws 2001, c. 146, § 269, emerg. eff. April 30, 2001.


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