CHAPTER 2. Bonds [5880. - 5893.]

Chapter 2 enacted by Stats. 1937, Ch. 368.

§§ 5880–5893 · 9 sections

1. ARTICLE 1. Issuance and Sale §§ 5880–5884 · 5 sections

   • § 5880 The board of supervisors shall pass a resolution providing for the issuance and sale of bonds to represent the principal of the indebtedness authorized to pay…
   • § 5881 All bonds issued under this part shall be payable substantially in the following manner: A part to be determined by the board of supervisors, which shall be…
   • § 5882 The board of supervisors of the county may determine the denomination of the bonds, except that no one bond shall be of a denomination less than one hundred…
   • § 5883 The bonds shall be signed by the chairman of the board of supervisors, and the treasurer, and countersigned by the auditor of the county. The coupons upon the…
   • § 5884 Bonds may be issued and sold by the board of supervisors of the county for not less than their par value and accrued interest at the date of delivery, and the…
2. ARTICLE 2. Payment of Bonds, Taxation §§ 5890–5893 · 4 sections

   • § 5890 Bonds issued are obligations of the district and the board of supervisors of the county shall, at the time of fixing the general tax levy and in the manner…
   • § 5891 The taxes shall: (a) Be levied upon all of the property within the district taxable for county purposes. (b) Be in addition to all other taxes levied for…
   • § 5892 The board of supervisors may at the same time and in the same manner levy upon all of the property in the district a tax sufficient to pay the ordinary annual…
   • § 5893 In no event shall the district levy a tax in excess of twenty cents ($0. 20) for each one hundred dollars ($100) of assessed valuation within the district.