ARTICLE 6. Bonds
Article 6 enacted by Stats. 1976, Ch. 1010.
§§ 19520–19532 · 12 sections
- § 19520 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…
- § 19521 The bond election shall be called and conducted and the results thereof canvassed, returned, and declared in the manner provided in Chapter 3 (commencing with…
- § 19522 The board of trustees shall set forth in the resolution calling for a bond election the amount and denomination of the bonds, the rate of interest, and the…
- § 19524 If it appears that two-thirds of the votes cast at the election were cast in favor of issuing the bonds, the board shall enter the fact upon its minutes and…
- § 19525 The total amount of bonds issued shall not exceed 5 percent of the assessed value of the property of the district, prior to the 1980–81 fiscal year and shall…
- § 19526 The supervising board of supervisors by an order entered upon its minutes shall prescribe the form of the bonds and of the interest coupons attached thereto,…
- § 19527 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…
- § 19528 The board of supervisors of each county in which any part of the district is situated, at the time of making the levy of taxes for county purposes, shall levy…
- § 19529 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…
- § 19530 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…
- § 19531 Upon receiving the petition, signed by a majority of the members of the board of trustees, the supervising board of supervisors shall fix a time for hearing…
- § 19532 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 supervising board of…