ARTICLE 5. Bonds
Article 5 enacted by Stats. 1976, Ch. 1010.
§§ 19720–19734 · 15 sections
- § 19720 The board of trustees of any library district may, when in their judgment it is deemed advisable, and shall upon a petition of 50 or more taxpayers and…
- § 19721 The election shall be called by posting notices, signed by the board, in three of the most public places in the district, for not less than 20 days before the…
- § 19722 The notice shall contain: (a) Time and place of holding the election. (b) The names of inspectors and judges to conduct the election. (c) The hours during the…
- § 19723 The election shall be conducted in accordance with the provisions relating to the election of trustees, insofar as they are applicable to the election for…
- § 19724 Voting shall be by ballot, without reference to the general election law in regard to form of ballot, or manner of voting. The ballots shall have printed on…
- § 19725 On the seventh day after the election, at 8 o'clock p.m., the returns having been made to the board of trustees, the board shall meet and canvass the returns,…
- § 19726 The money shall be raised by taxation upon the taxable property in the district, for the redemption of the bonds and the payment of the interest thereon.
- § 19727 The total amount of bonds issued shall not exceed 5 percent of the taxable property of the district, as shown by the last equalized assessment book of the…
- § 19728 The board of supervisors by an order entered upon its minutes shall prescribe the form of the bonds and of the interest coupons attached thereto, and shall fix…
- § 19729 The bonds shall not bear a greater amount of interest than 6 percent, to be payable annually or semiannually. The bonds shall be sold in the manner prescribed…
- § 19730 The board of supervisors, at the time of making the levy of taxes for county purposes, shall levy a tax for that year upon the taxable property in the…
- § 19731 All money levied, when collected, shall be paid into the county treasury to the credit of the library district, and shall be used for the payment of principal…
- § 19732 Whenever any bonds issued under this article remain unsold for the period of six months after having been offered for sale in the manner prescribed by the…
- § 19733 Upon receiving the petition, signed by a majority of the members of the board of trustees, the supervisors shall fix a time for hearing the petition, which…
- § 19734 At the time and place designated in the notice for hearing the petition, or at any subsequent time to which the hearing is postponed, the supervisors shall…