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 in accordance with the general election law and has been approved by a majority of the voters of the district 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                  YES
the sum of $…. (insert amount),       ———————-
be issued by The…. (insert
name of district)?                           NO
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