On June 12, 1957, the relator determined that it was necessary to submit a bond issue to the electors and passed a resolution of necessity. At that time, Section 133.041, Revised Code (126 Ohio Laws, 615), was in effect. It read as follows:
"On or before December 31, 1957, the net indebtedness of a school district which may be imposed by popular vote with the consent of the state Department...
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