Sec. 104.204. - Ad valorem bond elections.

When the Council authorizes the issuance of ad valorem bonds, the Council shall direct the holding of an election for the purpose of obtaining approval or disapproval of the proposed ad valorem bonds. The resolution of the Council calling the election shall state the purposes for which the bonds are to be issued, the maximum amount of the bonds, the maximum maturity date of the bonds and the maximum rate of interest which the bonds may bear. More than one bond proposal may be submitted at any bond election. A bond election may be held simultaneously with another election taking place throughout Duval County. If the ad valorem bonds are to be obligations of the entire General Services District, all qualified electors in the entire General Services District shall be entitled to vote thereon. If the ad valorem bonds are to be obligations of the First Urban Services District or some lesser taxing district, only electors residing in the First Urban Services District or the lesser taxing district shall be entitled to vote thereon. (Laws of Fla., Ch. 67-1535; Ord. 83-591-400, § 1) Note— Former § 16.04 of the Charter.