ARTICLE 3. Revenue Bonds

Article 3 added by Stats. 1958, 1st Ex. Sess., Ch. 91.

§§ 6936–6939.3 · 6 sections

• § 6936 Pursuant to this article a district may create a revenue bond indebtedness for the acquisition and construction, or acquisition or construction of any…
• § 6937 The issuance of said bonds shall be authorized by ordinance adopted by five-sevenths of all the members of the board, to take effect upon its publication.
• § 6938 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…
• § 6939 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,…
• § 6939.1 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.…
• § 6939.3 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,…