61-35-31. Refunding bonds authorized by resolution - Adoption - Taking effect.
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/nd/title-61/chapter-61-35-water-districts/61-35-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Refunding bonds must be authorized by resolution of the board. The resolution may be adopted at a regular or special meeting, including the meeting at which it is introduced, by the affirmative vote of a majority of the members of the board, and takes effect immediately upon adoption. Other proceedings or procedure are not required for the issuance of refunding bonds by the district.