ARTICLE 4. Pledge and Use of Revenues to Pay and Secure General Obligation Bonds

Article 4 added by Stats. 1961, Ch. 1157.

§§ 53500–53505 · 6 sections

• § 53500 As used in this article: (a) “Local agency” means county, city, city and county, public district, or other public or municipal corporation. (b) “General…
• § 53501 This article applies to all local agencies which have the power to issue general obligation bonds to acquire, construct or finance a revenue-producing facility.
• § 53502 In any ordinance, resolution, order or indenture providing for the issuance of general obligation bonds of a local agency to provide funds for the acquisition,…
• § 53503 In connection with such pledge the legislative body may provide in such ordinance, resolution, order or indenture such covenants, promises, restrictions and…
• § 53504 The pledge and the payment and security provisions authorized by this article shall be in addition to, and not in derogation of, any provisions permitted or…
• § 53505 If the legislative body intends to exercise the powers granted by this article it shall make a statement of such intention in any ordinance, resolution or…