Sec. 1. Sections 2 through 4 of this chapter apply if a township board finds at an annual or special meeting of the board, that: (1) it is necessary to provide for the construction of a school building; and (2) the cost of the building, or the proportional cost if it is a joint graded high school building, will exceed the sum available from an annual levy. [Pre-2006 Recodification Citation: 21-2-3.1-1.]
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