CHAPTER 9. General Obligation Bonds
Chapter 9 added by Stats. 1987, Ch. 1013, Sec. 11.
§§ 13925–13938 · 14 sections
- § 13925 Whenever a district board determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or construction of any real…
- § 13926 The resolution shall state: (a) The purpose for which the proposed debt is to be incurred, which may include expenses for the authorization, issuance, and sale…
- § 13927 The election shall be conducted pursuant to the Uniform District Election Law, Part 4 (commencing with Section 10500) of Division 10 of the Elections Code.
- § 13928 If two-thirds of voters voting upon the proposition favor incurring the indebtedness and issuing the bonds, the district board may adopt resolutions to issue…
- § 13929 The district board may provide for the issuance of bonds in any amounts, in any series, and on any terms, provided that they do not exceed the limits approved…
- § 13930 The district board shall adopt a resolution prescribing the form and denomination of the bonds and any coupons. The resolution shall specify the dates on which…
- § 13931 The district board may provide for the call and redemption of bonds before their maturity at times and prices and upon any other terms as it specifies. A bond…
- § 13932 The principal and interest of the bonds shall be payable in lawful money of the United States at the office of the district treasurer or any other place, at…
- § 13933 (a) The bonds shall be dated, numbered consecutively, and be signed by the president of the district board and the district treasurer. The district treasurer…
- § 13934 (a) Before selling the bonds or coupons, the district board shall give notice inviting sealed bids. At a minimum, the district board shall publish notice at…
- § 13935 (a) All premiums and accrued interest received from the sale of the bonds shall be deposited with the district treasurer in a special bond service fund to be…
- § 13936 Any general obligation bonds issued by a district have the same force, value, and use as bonds issued by a city and the bonds and the interest on the bonds are…
- § 13937 A district shall not incur a bonded indebtedness in excess of 10 percent of the assessed value of all taxable property within the district.
- § 13938 (a) After incurring a general obligation indebtedness, and annually thereafter until the indebtedness is paid or until there is a sum in the district treasury…