ARTICLE 18. Bond Plans [59640. - 59654.]
Article 18 added by Stats. 1951, Ch. 331.
§§ 59640–59654 · 15 sections
- § 59640 Serial bonds shall be issued to represent the unpaid reassessments, including unpaid reassessments on tax-deeded land, pursuant to Bond Plan A, B, or C. The…
- § 59641 Under Bond Plan A, a bond shall be issued to represent each of the assessments remaining unpaid and shall be entitled “Refunding Bond. Bond Plan A.” Such bonds…
- § 59642 Under Bond Plan B or C bonds shall be issued to represent and be secured by the unpaid assessments upon the reassessment.
- § 59643 Bond Plan B bonds shall be: (a) Issued in the manner and form provided in the Improvement Bond Act of 1915. (b) Entitled “Refunding Bond. Bond Plan B.” (c)…
- § 59644 Bond Plan C bonds shall be: (a) Issued in the manner and form provided in the Refunding Assessment Bond Act of 1935. (b) Entitled “Refunding Bond. Bond Plan…
- § 59645 Any appropriate changes may be made in the wording of the bonds necessary to make them conform to this chapter and the proceedings taken pursuant to this…
- § 59646 Bond Plan A bonds shall be payable to the person to whom they issue, or order.
- § 59647 Bond Plan A bonds shall be for the term and bear interest at the rate specified in the resolution of final confirmation.
- § 59648 Bond Plan A bonds shall have annual coupons attached to them payable in annual order on January 2d of each year after the October 15th following the date of…
- § 59649 Bond Plan A bonds shall also have semiannual interest coupons attached to them and payable as in the case of bonds issued pursuant to the Improvement Act of…
- § 59650 The bonds issued under Bond Plans A, B, or C may be redeemed or canceled, have the effect, shall be enforced, paid, and subject to the penalties, and, so far…
- § 59651 Bond Plan A bonds may be issued for a period of not to exceed 29 years from the January 2d succeeding the October 15th following their date.
- § 59652 Bond Plan B or C bonds may be issued for not to exceed 29 years after July 2d following the first 10 months after their date.
- § 59653 The determination of the legislative body as to the form and contents of the bonds issued under any of the plans is conclusive, except that the bonds shall…
- § 59654 If Bond Plan B or C is used the reassessment and curative clauses and all other bond and assessment provisions of the Improvement Bond Act of 1915 or the…