ARTICLE 13. Issuance and Sale of Bonds

Article 13 enacted by Stats. 1976, Ch. 1010.

§§ 18530–18536 · 9 sections

• § 18530 After the provisions of Sections 18510 to 18515, inclusive, have been complied with, the board of supervisors shall issue the bonds of the district, to the…
• § 18531 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…
• § 18532 The bonds shall not bear a rate of interest greater than 8 percent, payable annually or semiannually.
• § 18533 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.
• § 18534 The board of supervisors by an order entered upon its minutes shall fix the time when the whole or any part of the principal of the bonds will be payable,…
• § 18534.3 The board of supervisors may divide the principal amount of any issue into two or more series and fix different dates for the bonds of each series. The bonds…
• § 18534.5 The board of supervisors may provide for redemption of bonds before maturity at prices determined by it. A bond shall not be subject to call or redemption…
• § 18535 The bonds shall be sold in the manner prescribed by the board of supervisors, but for not less than 95 percent of par.
• § 18536 The proceeds of the sale of the bonds shall be deposited in the county treasury to the credit of the building fund of the library district, and shall be drawn…