ARTICLE 3. Issuance of Bonds

Article 3 enacted by Stats. 1939, Ch. 60.

§§ 4615–4625 · 13 sections

• § 4615 At any meeting after the passage and recording of the resolution establishing the district, the governing body may, by a resolution passed by a vote of…
• § 4616 The resolution calling the special election shall do all of the following: (a) Describe the boundaries of the district as finally determined and refer to the…
• § 4617 In all particulars not recited in this chapter or in the resolution, the election shall be held as is provided by law for holding general elections in the…
• § 4618 The maximum rate of interest to be paid on the bonded indebtedness shall be 8 percent per annum, and shall be payable semiannually. The first interest payable…
• § 4619 The resolution calling the election shall be published once a week for two successive weeks prior to the date set for the election in a newspaper of general…
• § 4620 If two-thirds of the votes cast upon the measure are in favor of the issuance of the bonds, the bonds may be issued and the indebtedness incurred. If less than…
• § 4621 All bonds issued under this chapter shall be issued in the name of the city in which the district has been formed, or in the name of the initiating city, as…
• § 4622 The bonds shall be issued in any denominations which the governing body may determine. The bonds shall be signed by the mayor, or by such other officer of the…
• § 4623 The governing body may issue and sell the bonds at not less than their par value. The proceeds of the sale shall be placed in the city treasury to the credit…
• § 4623.1 (a) When the purposes and objects specified in any measure incurring bonded indebtedness submitted at any special election called for that purpose have been…
• § 4623.5 Before selling the bonds, or any part of the bonds, the governing body shall give notice inviting sealed bids in such manner and for such time as the governing…
• § 4624 An action to determine the validity of bonds issued pursuant to this chapter may be brought pursuant to Chapter 9 (commencing with Section 860), Title 10, Part…
• § 4625 In determining the amount of bonds to be issued, the legislative body may include all of the following: (a) All costs and expenses and estimated costs and…