ORS 328.210: Bond elections.

(1) The board of directors of a common or union high school district shall call an election on a date specified in ORS 255.345 for the purpose of submitting to the electors of the district a question of contracting bonded indebtedness under ORS 328.205 when:

      (a) A majority of the board of directors decides to call such an election; or

      (b) A petition requesting such an election is filed with the board of directors as provided in this section.

      (2) The requirements for preparing, circulating and filing a petition under this section shall be as provided for an initiative petition in ORS 255.135 to 255.205. The petition shall specify the proposed amount of bonded indebtedness.