18-16-116. Contents of resolution; notice of election.
(a) The resolution shall:
(i) State the purpose for which the bonds are proposed to be issued;
(ii) State the estimated amount of money to be raised by the bond issue;
(iii) State the principal amount of the bonds;
(iv) State the maximum rate of interest on the bonds;
(v) Fix the date of the election;
(vi) Fix the manner of holding the election.
(b) The notice of bond election shall include the following information:
(i) The amount of the proposed bond issue;
(ii) The maximum maturity of the bonds;
(iii) Statement by the board of the need for the issuance of the bonds and the purposes for which the proceeds of the bonds shall be devoted;
(iv) A description of the exterior boundaries of the district;
(v) A general description of the proposed improvement, utility or local service to be provided by the district.