CHAPTER 4. Bonds [6330. - 6355.]
Chapter 4 enacted by Stats. 1937, Ch. 368.
§§ 6330–6355 · 24 sections
ARTICLE 1. District Bonds §§ 6330–6331 · 2 sections
- § 6330 A district may create a bonded debt pursuant to Article 1 (commencing with Section 43600) of Chapter 4 of Division 4 of Title 4 of the Government Code. Bonds…
- § 6331 Bonds issued by any district pursuant to this part are legal investments for all trust funds, and for the funds of all insurers, banks, both commercial and…
ARTICLE 2. Revenue Bonds §§ 6340–6346 · 7 sections
- § 6340 Pursuant to this article a district may create a revenue bond indebtedness for the acquisition and construction, or acquisition or construction of any…
- § 6341 The issuance of said bonds shall be authorized by ordinance adopted by two-thirds of all the members of the board, to take effect upon its publication.
- § 6342 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…
- § 6343 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,…
- § 6344 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. ____…
- § 6345 The lien of said bonds of the same issue shall be prior and superior to all revenue bonds subsequently issued.
- § 6346 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,…
ARTICLE 2.5. Additional Stockton Port District Bonds §§ 6350–6353 · 14 sections
- § 6350 Pursuant to this article, the Stockton Port District may also create an additional bonded debt up to but not in excess of 3 percent of the assessed value of…
- § 6350.1 This bonded indebtedness may be created solely for the purpose of providing funds for the acquisition or construction of revenue-producing harbor improvements…
- § 6350.2 All bonds issued pursuant to this article shall be authorized by ordinance passed by two-thirds of all of the members of the board concurred in by ordinance of…
- § 6350.3 The bonds shall be payable within 30 years from their date and shall mature serially at such times as may be fixed by the board, but the earliest maturity of…
- § 6350.4 The bonds may be issued in such denominations as the board determines, except that no bond shall be of a denomination less than one hundred dollars ($100) nor…
- § 6350.5 If any officer whose signature or countersignature appears on the bonds or coupons ceases to be an officer before the delivery of the bonds to the purchaser,…
- § 6350.6 The form of the bonds shall be prescribed by the board and they shall be signed by the officer or officers that the board designates. The coupons appertaining…
- § 6350.7 The income and revenue derived or to be realized from the harbor improvement acquired or to be acquired from the proceeds of the bonds shall be deposited in a…
- § 6350.8 The special fund shall be applied, secondly, to the creation of a sinking fund, herein designated as “sinking fund,” to provide for the payment of the…
- § 6350.9 Any additional revenues over and above the amounts required to be deposited in the interest fund and the sinking fund, may be deposited in an operation fund,…
- § 6351 Surplus revenues in the operation fund may be deposited either in the interest fund or the sinking fund, but money allocated to the interest fund or the…
- § 6351.5 The board, in and by the ordinance authorizing the issuance of the bonds, shall hypothecate and allocate all of the revenues to be realized from the…
- § 6352 Whenever the revenues of the district are, or in the opinion of the board will be insufficient to provide for the payment in full of the principal or interest…
- § 6353 The Legislature hereby finds and declares that because of the unique, complex problems existing with respect to the Stockton Port District, as a large inland…
ARTICLE 3. County and Municipal Bonds § 6355 · 1 section
- § 6355 Whenever, upon the creation of a district any municipality therein or any county in which the district is located which has theretofore authorized or incurred…