298.21  School bonds.

The board of directors of any school corporation when authorized by the voters at the regular election or at a special election called for that purpose, may issue the negotiable, interest-bearing school bonds of said corporation for borrowing money for any or all of the following purposes:

1.  To acquire sites for school purposes.

2.  To erect, complete, or improve buildings authorized for school purposes.

3.  To acquire equipment for schools, sites, and buildings.

Section History: Early form

  [S13, § 2812-d; C24, 27, 31, 35, 39, § 4406; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 298.21]


  Vote required to authorize bonds, § 75.1

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