When the results of the election on the question of the issuance of such bonds shall
have been canvassed by the election commissioners of such municipality and certified
by them to the governing authorities of such municipality, it shall be the duty of
such governing authorities to determine and adjudicate whether or not three-fifths
of the qualified electors who voted in such election voted in favor of the issuance
of such bonds. Unless three-fifths of the qualified electors who voted in such election shall have
voted in favor of the issuance of such bonds, then such bonds shall not be issued. Should three-fifths of the qualified electors who vote in such election vote in
favor of the issuance of such bonds, then the governing authorities of the municipality
may issue such bonds, either in whole or in part, within two years from the date of
such election or within two years after the final favorable termination of any litigation
affecting the issuance of such bonds, as such governing authorities shall deem best.
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