10-7-8. Resolution on bond issue -- Election as provided by Local Government
Bonding Act.
When the board of commissioners, city council or the town board of trustees of any city
or town shall have decided that incurring such bonded indebtedness is advisable, it shall by
resolution specify the purpose for which the indebtedness is to be created and the amount of
bonds which it is proposed to issue, and shall provide for submitting the question of the issue of
such bonds to the qualified electors of the city or town at the next general election, or at a special
election to be called for that purpose by the board of commissioners, city council or board of
trustees in such manner and subject to such conditions as is provided in Title 11, Chapter 14,
Local Government Bonding Act. This section does not require an election for the issuance of
refunding bonds or other bonds not required by the Constitution to be voted at an election.
Amended by Chapter 105, 2005 General Session
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Last revised: Thursday, May 28, 2009