If more than half of the votes in a bond election are in favor, the board must have bonds created, signed, and sent to the State Treasurer for the drainage district in the amount specified during the election.

This law states that each bond issued must be worth at least $100 but no more than $1,000.

This law section states that any bonds issued by the board need to be signed by the board's president and witnessed by its secretary. The bonds should have the board's seal attached and must be numbered in order of when they are due. They should also be dated either January 1st or July 1st.

Bonds issued will have an interest rate set by the board, but it cannot be more than 6% per year. The interest is paid twice a year, on January 1st and July 1st, at the State Treasurer's office when you present the correct coupons.

This law section indicates that each bond must have coupons attached for every interest payment. These coupons should have the printed signature (a facsimile) of the Controller.

This law requires that when the State Treasurer sells or delivers bonds, they must first remove and cancel any interest coupons that are overdue. The canceled coupons are then handed over to the board or its secretary.

The State Treasurer must provide a certified list to the board, detailing sold or delivered bonds. This list should include the bond's serial numbers, their value, when they mature, the sale price, and the maturity date of the next interest payment.

This law requires the State Treasurer to provide a report to a board or its secretary when asked. The report should include details about all the bonds and interest coupons he has paid, as well as any that were presented for payment but couldn't be paid due to lack of funds, along with the presentation date.

This law states that bonds issued by a drainage district, once approved by a designated commission or officer, are considered safe investments. These bonds can be purchased or used as collateral for loans by banks, trust companies, insurance companies, and individuals or entities like guardians, conservators, executors, and public officers in the state.

This law allows a board to cancel bond proceedings if the bonds aren't sold or disposed of within one year of authorization. The board can do this by making an official order, recording it in their minutes, and sending a certified copy to the county treasurer in areas affected by the bond assessment.

This law section allows the board to decide when and how much of an assessment should be paid, doing it in installments as needed according to the rules in Part 4 of this division.