65-19-5 - Amount of bonds to be preliminarily estimated. - Mississippi Statutes

§ 65-19-5. Amount of bonds to be preliminarily estimated.
 

If the board of supervisors of its own motion initiates the proceedings, it shall make a careful preliminary estimate of the probable amount of the bonds of the proposed district that will be required to be issued by the district; and if the proposal be made by petition, then the petitioners shall make a like estimate and recite the same in their petition or petitions. The preliminary orders of the board in either case shall recite the said proposed or probable amount of the bonds to be issued, and the notice required under Section 65-19-3 shall contain a like recital. But said estimates, whether by the board or by the petitioners, shall be deemed no more than estimates and, if the district be created, shall not be controlling upon the amount of bonds subsequently to be issued, whether more or less, as future necessity may require. 
 

Sources: Codes, 1930, § 6421; 1942, § 8371.