ARTICLE 3. Authorization of Bonds

Article 3 added by Stats. 1949, Ch. 81.

§§ 54380–54387 · 8 sections

• § 54380 By resolution of its legislative body to take effect upon adoption, a local agency may submit to its qualified voters, at an election held for that purpose,…
• § 54381 By a majority of all members, the legislative body may adopt the resolution at a regular or special meeting and at the same meeting at which it is introduced.
• § 54382 The resolution shall: (a) State the purpose for which the bonds are proposed to be issued. (b) State the estimated cost of the acquisition, construction,…
• § 54383 The proposition may be submitted at an election for other propositions.
• § 54384 The resolution shall state that the bonds are to be revenue bonds, payable exclusively from the revenues of the enterprise and from such of the other funds…
• § 54385 The resolution shall be published once a day for at least seven days in a newspaper published at least six days a week in the local agency or published once a…
• § 54386 The votes of a majority of all the voters voting on the proposition are required to authorize the issuance of the bonds.
• § 54387 If the issuance of the bonds is authorized at the election, the legislative body shall provide for their issuance and sale by resolution to take effect upon…