Article 4. Calling On Bond Election of California Water Code >> Division 20. >> Part 7. >> Chapter 3. >> Article 4.
After the Board has made its determination of the matters
required to be determined by the resolution of formation, and if the
board deems it necessary to incur the bonded indebtedness, the board
shall by a futher resolution call a special election in the
improvement district for the purpose of submitting to the voters
thereof the proposition of incurring indebtedness by the issuance of
bonds of the district for the improvement district.
The resolution calling the bond election shall contain all
of the statements required by Section 71861 and, in addition, shall
state:
(a) That the board deems it necessary to incur the bonded
indebtedness.
(b) The improvement district to be benefited by the bonded
indebtedness, as set forth in the resolution of formation of the
improvement district, and that a map showing the exterior boundaries
of the improvement district is on file with the secretary, which map
shall govern for all details as to the extent of the improvement
district.
(c) That taxes for the payment of such bonds and the interest
thereon shall be levied exclusively upon the taxable property in the
improvement district.