ARTICLE 2. Power to Issue Revenue Bonds

Article 2 repealed and added by Stats. 1955, Ch. 329.

§§ 6540–6579.5 · 64 sections

§ 6540 As used in this article “bonds” means revenue bonds, notes or other evidences of indebtedness.
§ 6541 “Bondholder” or “holder of bonds” or any similar term, as used in this article, shall mean any person who shall be the bearer of any outstanding revenue bond…
§ 6542 “Entity” as used in this article means any agency, board or commission provided for by a joint powers agreement pursuant to Article 1 of this chapter. Such…
§ 6542.1 “Fair and exhibition authority,” as used in this article, means an entity created by a joint powers agreement for the purpose of financing or otherwise…
§ 6542.5 “Local agency” as used in this article means any public agency designated in Section 6500 other than the federal government or any federal department or…
§ 6543 “Governing body” as used in this article means the board or commission provided for by a joint powers agreement, pursuant to Article 1 of this chapter.
§ 6544 “Indenture” as used in this article means the instrument providing the terms and conditions for the issuance of the revenue bonds, and may be a resolution,…
§ 6545 “Project” as used in this article includes buildings, structures, improvements and all facilities appurtenant thereto or provided therefor together with land…
§ 6546 In addition to other powers, any agency, commission, or board provided for by a joint powers agreement pursuant to Article 1 (commencing with Section 6500) may…
§ 6546.1 In the County of Los Angeles, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to Article 1 (commencing…
§ 6546.2 In addition to other powers, any agency, commission or board provided for by joint powers agreement pursuant to Article 1 (commencing with Section 6500) of…
§ 6546.3 Notwithstanding any other provision of law, any local agency entering into one or more leases or rental contracts or agreements with a joint powers entity…
§ 6546.4 The governing body of any local agency adopting an ordinance pursuant to Section 6546.3 shall call an election for purposes of submitting to the qualified…
§ 6546.5 In the event that two-thirds of the votes cast in an election called pursuant to Section 6546.4 are against adoption of the ordinance, no ordinance authorizing… see note
§ 6546.6 In addition to any other powers, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to Article 1…
§ 6546.7 Public agencies may enter into a joint powers agreement for the purposes of creating a fair and exhibition authority with the power to issue revenue bonds for…
§ 6546.11 In addition to other powers, any joint powers entity created to exercise the powers granted by Chapter 8 (commencing with Section 33750) of Part 1 of Division…
§ 6546.12 In any county with a population determined by the last official census of 4,000,000 or more, any agency, commission, or board provided for by joint powers…
§ 6546.13 (a) The Alameda Corridor Transportation Authority, or its successor organization, may issue revenue bonds pursuant to this article or bonds pursuant to Article…
§ 6547 The power of the entity to issue revenue bonds is additional to the powers common to the parties to the joint powers agreement, but shall not be exercised…
§ 6547.1 Any entity which shall have been authorized to exercise the power to issue revenue bonds pursuant to this article shall have the further additional power to…
§ 6547.2 Notice of the enactment of an ordinance subject to referendum under Section 6547 shall be published after adoption as required by Section 6040.1 within 15 days…
§ 6547.3 In the event that an ordinance enacted pursuant to Section 6547 authorizing the entity to issue revenue bonds is subjected to a successful referendum election…
§ 6547.4 Except for the requirement of an ordinance and the right to referendum thereon, the amendments to Section 6547 adopted at the 1971 Regular Session of the…
§ 6547.5 A joint powers entity created pursuant to this chapter may issue revenue bonds pursuant to this article upon authorization by ordinance of only those…
§ 6547.6 A joint powers entity created pursuant to this chapter may incur other forms of indebtedness pursuant to Section 6547.1 for one or more projects specified in…
§ 6547.7 A joint powers entity created pursuant to this chapter may issue mortgage revenue bonds pursuant to Part 5 (commencing with Section 52000) of Division 31 of…
§ 6547.8 No member of the governing body of the authority shall be personally liable on the bonds or be subject to any personal liability or accountability by reason of…
§ 6547.9 The Treasurer is designated as an elected representative for federal tax purposes of a joint powers agency created pursuant to this chapter. In the discretion…
§ 6548 The revenue bonds may be issued to provide all or any part of the funds required for the acquisition, construction and financing of said project, including any…
§ 6548.5 The level of fees or charges imposed by, or on behalf of, an agency or entity for the issuance of bonds pursuant to this article shall be disclosed in a report…
§ 6549 An indenture providing the terms and conditions for the issuance of the bonds and the covenants relating thereto shall be adopted in or approved by resolution.…
§ 6550 The principal and interest of the bonds shall be payable: (a) First, out of the revenue derived from the operation of the project or projects for which the…
§ 6551 Revenue bonds issued under this article and contracts or obligations entered into to carry out the purposes for which bonds are issued, payable in whole or in…
§ 6552 All bonds issued by the entity shall contain a recital on their face that neither the payment of the principal or any part thereof nor any interest thereon…
§ 6553 The indenture authorizing the issuance of the bonds shall recite the objects and purposes for which the bonds are to be issued, which may include any or all of…
§ 6554 The indenture authorizing the issuance of such bonds shall provide the denomination or denominations of the bonds, the medium of payment of principal thereof…
§ 6555 In the indenture authorizing the issuance of said bonds the governing body may also fix additional terms and conditions and may in any article, section or…
§ 6556 Said indenture may provide the terms and conditions under which said bonds may be paid, redeemed before maturity (including the premiums, if any, to be payable…
§ 6557 Said indenture may include covenants or other provisions relating to the bonds issued thereunder requiring the entity to fix, prescribe and collect rates,…
§ 6558 The indenture may include covenants or other provisions, other than or in lieu of the provisions required by Article 1 (commencing with Section 6500) of this…
§ 6559 The indenture may include a covenant or other provision relating to the insurance upon such project, or any part thereof, against any or all risks, and in case…
§ 6560 The indenture may include a covenant or other provision containing prohibitions against or limitations upon the sale, lease or other disposition of such…
§ 6561 The indenture may contain covenants or other provisions providing for prohibitions against or limitations upon the issuance of any additional bonds or the…
§ 6562 The indenture may contain covenants or other provisions whereby the consent or agreement of a stated percentage or number of the holders of the bonds may bind…
§ 6563 The indenture may provide for the issuance of a duplicate in the manner and upon such terms and conditions as the governing body of the entity may determine,…
§ 6564 The indenture may include a covenant or provision against the entering into of any agreement which impairs the operation of the project or any part of it…
§ 6565 The indenture may provide for events of default and the terms upon which the bonds may be declared due before maturity and the terms upon which that…
§ 6566 The indenture may provide for the rights, liabilities, powers and duties arising upon the entity’s breach of any covenants, conditions or obligations of the…
§ 6567 The indenture may provide for a fiscal agent and the deposit of funds therewith.
§ 6568 The indenture may contain any other provision or covenant valid under the Constitutions of the State of California and the United States of America which the…
§ 6569 The indenture authorizing the issuance of said bonds and all resolutions or orders in the proceeding for the issuance of said bonds shall constitute a contract…
§ 6570 Any bonds issued under this act shall be payable within not more than forty (40) years from the date of issue thereof. No bond may be made payable at a time…
§ 6571 The bonds shall be issued and sold as the governing body may determine and for not less than par and accrued interest to date of delivery, except that, in the…
§ 6571.2 Any joint powers agency which, prior to January 1, 1972, has issued revenue bonds pursuant to Section 6571.1 of this article for the purpose of acquiring and…
§ 6572 The bonds shall be secured by a pledge of and lien upon the revenues of the project described in the indenture authorizing the issuance of the bonds, and such…
§ 6573 So long as any bonds or interest coupons thereof are outstanding and unpaid, the revenues and interest thereon shall not be used for any purpose not authorized…
§ 6574 The entity shall operate, maintain and preserve the project in good repair and working order, and shall operate the project in an efficient and economical…
§ 6575 All bonds and the interest thereon or income therefrom are exempt from all taxation in this State other than gift, inheritance and estate taxes.
§ 6576 The entity may provide for the issuance, sale or exchange of refunding bonds for the purpose of redeeming or retiring any revenue bonds issued by the entity…
§ 6577 Funding or refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all of the following: (a) All bonds to be funded…
§ 6578 This article shall be liberally construed to effectuate its purposes.
§ 6579 In addition to the revenue bonds authorized by this article, an agency or entity established pursuant to the provisions of this chapter may also issue revenue…
§ 6579.5 In addition to the revenue bonds authorized by this article and in addition to other powers, any agency, commission, or board provided for by a joint powers…