ARTICLE 2. Revenue Bonds

Article 2 repealed and added by Stats. 1958, 1st Ex. Sess., Ch. 70.

§§ 6340–6346 · 7 sections

• § 6340 Pursuant to this article a district may create a revenue bond indebtedness for the acquisition and construction, or acquisition or construction of any…
• § 6341 The issuance of said bonds shall be authorized by ordinance adopted by two-thirds of all the members of the board, to take effect upon its publication.
• § 6342 The secretary shall publish said ordinance once in a newspaper of general circulation printed in said district, and if there is none, then in such newspaper…
• § 6343 Said ordinance shall specify the total amount, denomination, method of maturity, and the rate or maximum rate of interest of said bonds, and in general terms,…
• § 6344 The proceeds of said bonds shall be placed in an account in the treasury of the district to be entitled ____ Port District Revenue Construction Fund No. ____…
• § 6345 The lien of said bonds of the same issue shall be prior and superior to all revenue bonds subsequently issued.
• § 6346 Proceedings for the issuance of said bonds shall be had, the board shall have such powers and duties, and the bondholders shall have such rights and remedies,…