When the results of the election on the question of the issuance of such bonds shall have been canvassed by the election commissioners of such county or municipality, and certified by them to the school board of the school district, it shall be the duty of such school board to determine and adjudicate whether or not three-fifths (3/5) of the qualified electors who voted in such election voted in favor of the issuance of such bonds. Unless three-fifths (3/5) of the qualified electors who voted in such election shall have voted in favor of the issuance of such bonds, then such bonds shall not be issued. Should three-fifths (3/5) of the qualified electors who vote in such election vote in favor of the issuance of such bonds, then the school board of such school district shall issue such bonds, either in whole or in part, within two (2) years from the date of such election, or within two (2) years after the final favorable termination of any litigation affecting the issuance of such bonds, as such school board shall deem best.
Structure Mississippi Code
Chapter 59 - School Bonds and Obligations
Article 1 - Authority to Issue Bonds, Notes and Certificates of Indebtedness
§ 37-59-3. Purposes for which bonds may be issued
§ 37-59-5. General limitation of indebtedness
§ 37-59-9. Bonds and notes excluded for purposes of computing limitations of indebtedness
§ 37-59-13. Notice of election
§ 37-59-15. Conduct of election
§ 37-59-17. Determination of results of election; time period for issuance of bonds
§ 37-59-23. Levy of special tax to pay principal and interest on bonds
§ 37-59-24. Instructions to deposit tax receipts directly with trustee or paying agent
§ 37-59-25. Form of bonds; supplemental powers conferred in issuance of bonds
§ 37-59-29. Disposition of proceeds of bonds; liability for diversion of funds
§ 37-59-33. Transfer of balance of proceeds of bond issue
§ 37-59-35. Use of bond and interest funds to buy outstanding bonds
§ 37-59-37. Borrowing of money for current expenses in anticipation of school district taxes
§ 37-59-41. Borrowing of money in anticipation of taxes for benefit of agricultural high schools
§ 37-59-45. Article as sole authority for incurring of indebtedness