This section explains that if at least two-thirds of the votes in a bond election are in favor, it's considered approved. This approval allows the government to take on debt and issue bonds for the amount and purpose specified in the proposal.

The board can give out bonds for the district to cover any part of the approved debt. They can keep issuing bonds as needed until the total authorized amount is reached. Each batch of bonds will have its own unique number or letter for identification.

This section states that the board is responsible for deciding the design of bonds and any attached coupons through a resolution agreed upon by most of its members. They also set the schedule for when the bond's principal amount must be paid back. The board can delay the first payment for up to five years after the bond is issued.

This law states that certain bonds can have an interest rate of up to 8% per year, and this interest can be paid either once a year or twice a year. The details about how often the interest is paid are decided by the board when the bonds are issued.

This law allows a board to decide if bonds can be redeemed before their official due date and at what price. However, a bond can only be redeemed early if it explicitly states this option on the bond itself.

This law says that the board has the authority to decide the size or value of the bonds that are issued.

This law states that the principal and interest on a bond must be paid in U.S. dollars. The payments can be made at the treasurer's office or any other designated place. The bondholder can choose between these options for receiving payment.

This section specifies that bonds must be dated and given consecutive numbers. They have to be signed by the district's president and attested by the secretary, including the district’s official seal. The interest coupons attached to these bonds should have either the real or a copied signature of the president.