(a) If a road district is created that contains a portion of the territory of an existing precinct or district that has outstanding road bonds, the newly created district may issue bonds to:
(1) purchase roads in the existing precinct or district; or
(2) further construct macadamized, graveled, or paved roads or turnpikes in the new district.
(b) The bonds shall be issued in the form and manner prescribed for county bonds under Sections 1471.081-1471.086.