§ 9397 Bond Issuance Requirements

• •The bonds must be signed by the president of the board.
• •The secretary of the board must confirm the signature and add the board's seal.
• •Each bond must have a unique number in order of when they expire.
• •Bonds must be dated either January 1st or July 1st.

A school board issues bonds to raise money for a new school building.

The president of the school board signs each bond, the secretary checks and adds the school board's seal, and each bond gets a number based on when it will be paid back. All bonds are dated either January 1st or July 1st.