When a petition signed by a majority of the qualified electors residing within the school district on behalf of which bonds are to be issued, fixing the maximum amount of such bonds, such maximum amount not to exceed Ten Thousand Dollars ($10,000.00), and the purpose or purposes for which they are to be issued, shall be filed with the school board of the school district, praying for the issuance of bonds for any of the purposes enumerated in Section 37-59-3, the school board shall issue the bonds of such school district in the manner provided in this article, in the amount and for the purpose or purposes set forth in such petition, without the necessity of calling an election upon the question of whether or not such bonds shall be issued. The finding of the school board as to the sufficiency of any such petition shall be final and conclusive, unless such finding be appealed from in the manner provided by law.
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