§ 32302
79 words·~1 min read·
/ca/health-and-safety-code/32302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The resolution of the board of directors calling a bond election, in addition to all of the matters required by this division for a resolution calling an election, shall state the amount of the proposed bond issue, the rate of interest thereon, and the maximum date of maturity of bonds. If two-thirds of the votes cast at the bond election are in favor of the issuance of the bonds, the board of directors shall cause bonds to be issued.