The resolution shall state:
(a) That it is proposed to issue bonds of the new district.
(b) The maximum amount for which and the character of the proposed new bonds.
(c) The maximum term of the bonds.
(d) The maximum rate of interest to be paid on them, not to exceed 7 percent a year.
(Added by Stats. 1951, Ch. 331.)
Last modified: October 25, 2018