No issue of bonds of the district shall be valid (except bonds to refund an existing bonded indebtedness) unless the proposition of issuing the bonds has first been submitted at a regular election to the voters of the district in accordance with the general election law and has been approved by a majority of those voting on the proposition.
     The proposition shall be substantially in the following form:
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    Shall bonds for the purpose
of….(state purpose), in the              YES
sum of $….(insert amount), be        ———————–
issued by the board of trustees            NO
of the….(insert name of district)?
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