ARTICLE 5. Bonds

Article 5 enacted by Stats. 1939, Ch. 60.

§§ 4780–4803 · 24 sections

§ 4780 After the approval and adoption of an engineers’ report the district board shall submit to the voters of the district the proposition of incurring a bonded…
§ 4781 The resolution shall state all of the following: (a) The general objects and purposes for which it is proposed to incur an indebtedness. (b) A reference to the…
§ 4782 For the purposes of the bond election the district board may consolidate into one precinct several precincts established for general election purposes and…
§ 4783 An election board consisting of one inspector, one judge, and one clerk shall be appointed by the district board for each precinct.
§ 4784 Only voters registered in the district are eligible to vote at the bond election.
§ 4785 The resolution calling the election shall be published once a week for three successive weeks in a newspaper having a general circulation in the district and…
§ 4786 If two-thirds of the votes cast are in favor of incurring the bonded indebtedness as proposed, bonds of the district for the amount stated in the resolution…
§ 4787 The validity of the bonds after their issuance shall not be questioned in any court except upon the ground that the provisions of this chapter authorizing…
§ 4788 The district board shall prescribe by resolution the form of the bonds, and interest coupons. The bonds shall be payable at such times and at a place to be…
§ 4789 The bonds shall be issued in such denomination or denominations as the district board may determine. They shall be payable on the day and at the place fixed in…
§ 4790 The bonds shall be signed by the chairman of the district board, and countersigned by the county treasurer, and the seal of the district board shall be…
§ 4791 If any officer whose signature or countersignature appears on the bonds ceases to be an officer before the delivery of the bonds to the purchaser, his…
§ 4792 The board may issue and sell the bonds of the district at not less than par value, and the proceeds shall be placed in the treasury of the county. All premiums…
§ 4792.1 When the board of supervisors is the district board of a district and such board deems it in the best interests of the district, it may authorize the county…
§ 4793 The construction fund shall be applied exclusively to the purposes and objects mentioned in the resolution calling the bond election. Payments from the…
§ 4793.1 When the purposes and objects mentioned in the resolution calling the bond election have been accomplished, any moneys remaining in the construction fund may…
§ 4794 If the proposition of issuing bonds submitted at a bond election fails to receive the requisite number of votes, the district board may, at the expiration of…
§ 4795 If the district board by resolution passed by a vote of a majority of all its members determines that the public interest or necessity of the district demands…
§ 4796 Bonds and the interest thereon shall be paid by revenue derived from an annual tax upon the real property in the district, and all the real property in the…
§ 4797 In determining the amount of bonds to be issued, the legislative body may include: (a) All costs and estimated costs incidental to or connected with the…
§ 4799 Nothing in this chapter shall affect the validity of, or the right to issue and sell, bonds voted prior to the date when this code goes into effect.
§ 4801 (1) An issue of bonds is hereby defined to be the aggregate principal amount of all of the bonds authorized to be issued in accordance with a proposal…
§ 4802 Bonds may be made payable on a date subsequent to the time fixed for the collection of the second installment of general district taxes with which the first…
§ 4803 An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil…