§ 6101 Bond Issuance Authorization
This rule says bonds can only be issued after the board passes an ordinance with at least two‑thirds of its members voting yes, and the bond becomes effective when that ordinance is published.
A city wants to issue a bond to build a new community park.
The city’s board must hold a vote and get at least two‑thirds of the members to approve an ordinance for the bond. Once the ordinance is printed in the official newspaper, the bond can be issued and the park project can start.
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§ 6101 Bond Issuance Authorization
Last verified: January 11, 2026