51-11-69 - Election results; certification; time for issuance of bonds following favorable vote. - Mississippi Statutes

§ 51-11-69. Election results; certification; time for issuance of bonds following favorable vote.
 

When the results of the election on the question of the issuance of the bonds is canvassed by the county election commissioners and certified by them to the board of directors of the district, the board of directors shall determine and adjudicate whether or not three-fifths (3/5) of the qualified electors who voted in the election voted in favor of the issuance of the bonds. Unless three-fifths (3/5) of the qualified electors who voted in the election voted in favor of the issuance of the bonds, the bonds shall not be issued. If a three-fifth (3/5) of the qualified electors who vote in the election vote in favor of the issuance of the bonds, the board of directors may issue the bonds, either in whole or in part, within five (5) years from the date of the election or within five (5) years after the final favorable termination of any litigation affecting the issuance of the bonds, as the board of directors deems best. 
 

Sources: Laws,  1998, ch. 515, § 9, eff from and after July 1, 1998.