ARTICLE 1. General

Article 1 added by Stats. 1949, Ch. 79.

§§ 43600–43638 · 42 sections

§ 43600 As used in this article, “an issue of bonds” means the aggregate principal amount of all bonds authorized by a proposal approved by the city electors pursuant…
§ 43601 As used in this article, “municipal improvement” includes bridges, waterworks, water rights, sewers, light and power works or plants, buildings for municipal…
§ 43602 Pursuant to this article, a city may incur indebtedness for any municipal improvement requiring an expenditure greater than the amount allowed for it by the…
§ 43602.5 (a) A city or a city and county may also incur indebtedness pursuant to this chapter for seismic strengthening of unreinforced buildings and other buildings.…
§ 43603 When a city planning commission and the legislative body approve a group of municipal improvements as constituting a city plan, the legislative body may submit…
§ 43604 Such a city plan may include land for public use, public buildings including auditoriums and stadiums, parks, streets, transportation facilities and other…
§ 43605 A city shall not incur an indebtedness for public improvements which exceeds in the aggregate 15 percent of the assessed value of all real and personal…
§ 43606 An indebtedness is incurred within the meaning of this article to the extent of the principal amount of bonds sold and delivered.
§ 43607 Proceedings are initiated when the city legislative body passes a resolution by a two-thirds vote of all its members determining that the public interest or…
§ 43608 At any subsequent meeting, by a two-thirds vote of all its members, the legislative body may pass an ordinance ordering the submission of the proposition of…
§ 43609 Propositions for more than one object or purpose may be submitted at the same election.
§ 43610 The ordinance shall recite: (a) The object and purpose of incurring the indebtedness. (b) The estimated cost of the public improvements. (c) The amount of the…
§ 43610.1 The ordinance may provide that the estimated cost stated therein of the public improvements includes any or all of the following: (a) Legal or other fees…
§ 43611 The ordinance shall be published once a day for at least seven days in a newspaper published at least six days a week in the city, or once a week for two weeks…
§ 43612 If an election called pursuant to this article is consolidated with any other election, the ordinance calling the bond election need not set forth the election…
§ 43613 Except as otherwise provided in the ordinance, the election shall be conducted as other city elections.
§ 43614 If two-thirds of the electors voting on the proposition vote for it, the bonds may be issued.
§ 43615 When two or more propositions for incurring indebtedness are submitted at the same election, the votes cast for and against each proposition shall be counted…
§ 43616 If any proposition is defeated by the electors, the legislative body shall not call another election on a substantially similar proposition to be held within…
§ 43617 The legislative body shall prescribe the form of the bonds and interest coupons, and fix the date of the bonds.
§ 43618 The legislative body 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 of…
§ 43619 The legislative body shall fix, and designate in the bonds, a time and place for payment of the bonds. Except as provided in Section 43620 of the code, not…
§ 43620 The legislative body may fix a date, not more than two years from the date of issuance, for the earliest maturity of each issue or series of bonds and in the…
§ 43620.1 An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil…
§ 43621 The legislative body may provide for redemption of bonds before maturity at prices determined by it. A bond shall not be subject to call or redemption prior to…
§ 43622 The bonds shall be issued in such denomination or denominations as the legislative body may prescribe.
§ 43623 The bonds shall be signed by the mayor, or such other officer as the legislative body authorizes by resolution adopted by a two-thirds vote of all its members,…
§ 43624 The bond coupons shall be numbered consecutively and signed by the treasurer.
§ 43625 All signatures and countersignatures except that of the clerk or the clerk’s deputy may be printed, lithographed, or engraved.
§ 43626 If any officer whose signature or countersignature appears on bonds or coupons ceases to be an officer before delivery of the bonds, that officer’s signature…
§ 43627 The bonds may be issued and sold as the legislative body determines, but for not less than par. Before selling the bonds, or any part thereof, the legislative…
§ 43628 All premiums and accrued interest received shall be placed in the fund to be used for the payment of principal of and interest on the bonds, and the remainder…
§ 43629 The legislative body may provide for delivery of any bonds at places outside the city or State, and for receipt and transmittal of the purchase price in cash…
§ 43630 After three years after a bond election the legislative body may determine, by ordinance adopted by a two-thirds vote of all of its members, that no part of…
§ 43631 When the legislative body determines by resolution that the expenditure of money raised by the sale of bonds for the purpose for which the bonds were voted is…
§ 43632 At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in…
§ 43633 If the earliest maturity of the bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient…
§ 43634 These taxes shall be levied and collected as other city taxes, and in addition to all other taxes. They shall be used only for payment of the bonds and…
§ 43635 A city may undertake to perform the work directly on any municipal improvement for which bonds are issued pursuant to this article, purchasing the materials…
§ 43636 When the city and the United States jointly perform work on such municipal improvements, the city may turn over its portion of the cost to the United States…
§ 43637 By resolution, the legislative body may require the treasurer to give additional bonds for the safe custody and care of the public funds.
§ 43638 When municipal improvements are being made pursuant to this article, the legislative body shall make all necessary regulations for carrying out and maintaining…