13. The board of trustees (numbering three, except in
certain city boards,) of any school district may submit to the
electors of the district the question of issuing bonds for the
purpose of raising money to provide and furnish schoolhouses,
or liquidate any indebtedness incurred for such purposes. A
notice stating the time, place and hours of the proposed elec-
tion, the amount, denomination, rate of interest, and time to
run, not to exceed ten years, of the proposed bonds, must be
signed by the board, and posted in three of the most public
places in the district for not less than twenty days previous to
the election. If there is a newspaper in the district, the notice
must be published therein not less than once a week for three
consecutive weeks previously.
14. How Issued — Amount — Tax: — ^The issue of the bonds
requires a majority of two-thirds of those voting thereon. The
trustees are required to certify the result to the board of super-
visors, whose duty it is to issue the bonds, and prescribe the
form thereof The interest thereon shall not exceed eight per
cent per annum, payable annually. The bonds shall be sold



244 CALIFORNIA — OREGON.
as prescribed by the board of supervisors at not less than par.
The tax for the payment of the interest and principal thereof
must be levied, and if the proper county officers fail so to do,
the necessary taxes may be collected through the state officers.
(1880-1888.)

General.
