Section 99010.

After the board has made its determination of the matters required to be determined by this chapter, and if the board deems it necessary to incur the bonded indebtedness, the board shall by ordinance call a special election in said benefit district for the purpose of submitting to the qualified voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district for said benefit district. Said ordinance shall state:

(a) That the board deems it necessary to incur the bonded indebtedness.

(b) The purposes for which the bonded indebtedness will be incurred.

(c) The estimated cost of accomplishing said purposes.

(d) The amount of the principal of the indebtedness to be incurred.

(e) The benefit district to be benefited by said indebtedness, as set forth in the resolution making determinations, and that a map showing the exterior boundaries of said benefit district and all zones contained therein is on file with the secretary of the district, which map shall govern for all details as to the extent of the benefit district.

(f) That assessments for the payment of such bonds and the interest thereon shall be levied exclusively and at a uniform rate upon the land in said benefit district and all zones contained therein, except for any right-of-way of a common carrier; and that revenues of the district shall be used only to the extent set forth in the resolution declaring the necessity.

(g) The maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 50 years from the date thereof or the date of each series thereof.

(h) The maximum rate of interest to be paid, which shall not exceed 6 percent per annum.

(i) The proposition to be submitted to the voters which may include one or more purposes.

(j) The date of the election.

(k) The manner of holding the election and the procedure for voting for and against the measure.

(Added by Stats. 1968, Ch. 1325.)