Section 545.511 - Authorization of bonds, including refunding bonds; contract with state or with United States; election; notice(1) Upon order of the board of directors entered in the records of the board, an election shall be held to determine: (a) Whether bonds in any amount the board may consider necessary shall be issued for any purpose necessary or convenient in carrying out the Irrigation District Law, including the refunding of outstanding bonds; or(b) Except when an election is not required under ORS 545.513, whether the right to enter into an obligation or contract with the United States or the State of Oregon shall be authorized.(2) Notice of the election must be given by posting notices in three public places in each election precinct in the district for at least 15 days prior to the election. Notice must also be given by publication of the notice in some newspaper published in the county in which the office of the board of directors is located. The notice shall be published in the newspaper once a week for at least four successive weeks prior to the election. For an election called to determine whether bonds will be issued, the notices must specify the time of holding the election and the amount of bonds to be issued. For an election called to determine whether a district will enter into an obligation or contract with the United States or the State of Oregon, the notices must specify the time of holding the election and, when bonds are not to be deposited, the maximum amount of money, exclusive of penalties and interest, payable to the United States or the State of Oregon for construction purposes or in the assumption of liability for district lands for construction purposes.(3) The election shall be held and the result determined and declared in conformity as nearly as practicable with ORS 545.135 to 545.163. Informalities in conducting the election shall not invalidate the election, if the election has been otherwise fairly conducted. The ballot shall contain the words "Bonds-Yes" and "Bonds-No," or "Contract with the United States or the State of Oregon, as appropriate,-Yes" and "Contract with the United States or the State of Oregon, as appropriate,-No," or other equivalent words. If a majority of the votes cast are "Bonds-Yes," the board shall cause bonds in that amount to be issued, or such portion of the bonds as may be necessary from time to time. If a majority of the votes cast are "Contract with the United States or the State of Oregon, as appropriate,-Yes," the board may negotiate and execute a contract with the United States or the State of Oregon. If the majority of the votes cast are "Bonds-No," or "Contract with the United States or the State of Oregon, as appropriate,-No," the result of the election shall be declared and entered of record.