In the Board’s final order upon the hearing, or in the resolution ordering the acquisitions or improvements when the proceedings are had pursuant to Subdivision 4 or 5 of Subarticle V, the Board shall by resolution order the issuance of bonds. The resolution shall state the total principal amount thereof and the amount to mature in each year during their term. The bonds may be made to mature on July 2nd over a period not to exceed 40 years from their date.
(Added by Ord. 225-81, App. 5/5/81)