Arizona Revised Statutes § 48-3190 Election To Authorize Issuance Of Bonds

48-3190. Election to authorize issuance of bonds

A. Notice of election shall be given by posting notices in three public places in the district for at least twenty days prior to the date of the election and by publication thereof in a newspaper published in the county in which the office of the board of directors is located, once a week for at least three successive weeks prior to the election. The notice shall specify the time of holding the election, the maximum principal amount of bonds proposed to be issued, the purpose for which the bonds are to be issued and the maximum rate of interest which the bonds are to bear and the location of the polling places.

B. Except as otherwise provided, the election shall be held and the result thereof determined and declared in all respects as nearly as practicable in conformity with article 4 of this chapter governing the election of directors. No informalities in conducting the election shall invalidate the election if it has been otherwise fairly conducted.

C. At the election the ballot shall contain the words: " Bonds - -Yes, " and " Bonds - -No, " . To the right of and opposite each phrase shall be placed a square approximately the size of the squares placed opposite the names of candidates on ballots. The voter shall indicate his vote " Bonds - -Yes" or " Bonds - -No" by inserting the mark " X" in the square opposite such phrase. No other question, word or figure need be printed on the ballot. The ballot need not be of any particular size, and sample ballots are not required to be printed, posted or distributed. If the majority of the votes cast is " Bonds - -Yes, " the bonds shall be sold at such times and in such amounts as the board of directors deems advisable.

D. When thereafter the board deems it for the best interest of the district that bonds be issued for district purposes and that the question of issuance thereof be submitted to the electors, the board shall adopt a resolution to that effect and record it in its minutes, and the board may thereupon submit the questions to the electors in the same manner and with like effect as at the previous election.

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Last modified: October 13, 2016