§ 6341 Bond Issuance Authorization
This law says bonds can only be issued if the board passes an ordinance that at least two‑thirds of its members approve, and the bond becomes effective when that ordinance is published.
A city council wants to issue a $5 million bond to build a new park.
The council must have at least two‑thirds of its members vote for an ordinance that authorizes the bond, then publish that ordinance. Only after publication does the bond become valid.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 6341 Bond Issuance Authorization
Last verified: January 11, 2026