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Ch. 390 Water and Irrigation 1919 NOT INCREASE THE NET INDEBTEDNESS OF THE DlSTRIcr, NO INDEBTEDNESS SHALL BE INCURRED BY HIE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE DISTRICT OR BY ANY CONTRACT BY WHICH THE DISTRICT AGREESTO REPAY AS GENERAL OBLIGATIONS OR OTHER OBLIGATIONS CONSTITUTING A "GENERAL OBLIGATION DEBT BY LOAN IN ANY FORM", AS SUCH TERM IS USED IN SEcrION 6 OF ARTICLE XI OF THE STATE CONSTITUTION, OF THE DISTRICT TO THE FEDERAL GOVERNMENT, THE STATE, A POLITICAL SUBDIVISION, OR A PERSON OVER A TERM NOT LIMITED TO THE THEN CURRENT FISCAL YEAR ANY PROJECT COSTS ADVANCED THEREBY UNDER ANY CONTRACT FOR THE ACQUISITION OR IMPROVEMENT OF THE FACILITIES OR ANY INTEREST IN THE FACILITIES, OR FOR ANY PROJECT, ADVANCED BY THE ISSUANCE OF SECURlTIES OF SUCH A POLITICAL SUBDIVISION OR PERSON TO DEFRAY ANY COST OF THE PROJECT OR OF THE FACILITIES OR AN INTEREST IN THE PROJECT OR FACILITIES ACQUIRED AND BECOMING A PARTOFTHEFACILITIES OF THE DISTRICT, OR OTHERWISE ADVANCED, UNLESS A PROPOSAL FOR ISSUING THE DISTRICT'S GENERAL OBLIGATION BONDS OR OF INCURRING AN INDEBTEDNESS BY THE DISTRICT BY MAKING SUCH A CONTRACT IS SUBMITTED TO THE ELECTORS OF THE DISTRICT AND IS APPROVED BY A MAJORITY OF SUCH ELECTORS VOTING ON THE PROPOSAL AT AN ELECIION HELD FOR THAT PURPOSE IN ACCORDANCE WITH THIS ARTICLE. 37-50-125. Definition of elector. (I) AN "ELECTOR" OR "ELECTOR OF THE DISTRICT", OR ANY TERM OF SIMILAR IMPORT, MEANS A PERSON WHO: (a) AT THE TIME OF THE ELECTION, IS QUALIFIED TO VOTE IN GENERAL ELECTIONS IN THIS STATE; AND (b) EITHER: (I) HAS BEEN A RESIDENT OF THE DISTRICT FOR NOT LESS THAN THIRTY-TWO DAYS AT THE TIME OF THE ELECTION; OR (II) OWNS OR WHOSE SPOUSE OWNS TAXABLE REAL OR PERSONAL PROPERTY WITHIN THE DISTRICT. (2) REGISTRATION PURSUANT TO THE LAWS CONCERNING GENERAL ELECTIONS OR ANY OTHER LAWS SHALL NOT BE REQUIRED. 37-50-126. Election.. WHENEVER IN THIS ARTlCLE AN ELECTlON OF THE ELECTORS OF THE DISTRICT IS PERMITTED OR REQUIRED, THE ELECTION MAY BE HELD SEPARATELY AT A SPECIAL ELECTION OR MAYBE HELD CONCURRENTLY WITH ANY ___~R~-.ARY,..9EN..E~!:,_OB--21:J:!~WEClJ<lli"_~I:..OJINDE.B.-.II!.E1--~'-Y.-S_OXIliISJnA!E.__~__ __ ________ _ __~__ 37-50-127. Election resolution. (I) THE BOARD SHALL CALL ANY ELECTION BY RESOLUTION ADOPTED AT LEAST lHIRTY DAYS BEFORE THE ELECTION. (2) THE RESOLUTION SHALL STATE THE OBJECTS AND PURPOSES OF THE ELECTION, THE DATE UPON WHICH SUCH ELECTION SHALL BE HELD, AND THE FORM OF THE BALLOT. (3) IN THE CASE OF AN ELECTION NOT TO BE HELD CONCURRENTLY WITH A PRIMARY OR GENERAL ELECTION, THE BOARD SHALL PROVIDE IN 'fHE ELECTION RESOLUTION OR BY SUPPLEMENTAL RESOLUTION FOR THE APPOINTMENT OF