CHAPTER 4. Bonds
Chapter 4 enacted by Stats. 1937, Ch. 368.
§§ 6930–6939.17 · 23 sections
ARTICLE 1. District Bonds §§ 6930–6931 · 2 sections
- § 6930 Any district organized pursuant to this part may create a bonded debt pursuant to the provisions of Article 1 (commencing with Section 43600) of Chapter 4 of…
- § 6931 Any 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. County and Municipal Bonds § 6935 · 1 section
- § 6935 Whenever, upon the creation of a district, any municipality therein or any county in which the district is located, which has theretofore authorized or…
ARTICLE 3. Revenue Bonds §§ 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,…
ARTICLE 4. Additional Sacramento-Yolo Port District Bonds §§ 6939.4–6939.17 · 14 sections
- § 6939.4 Pursuant to this article, the Sacramento-Yolo Port District may also create an additional bonded debt, in addition to all other indebtedness authorized by the…
- § 6939.5 This bonded indebtedness may be created solely for the purpose of providing funds for the acquisition, construction, improvement, or extension of…
- § 6939.6 Any bonds issued pursuant to this article shall be authorized by ordinance passed by two-thirds of all of the members of the board. The ordinance shall not…
- § 6939.7 The bonds of any issue may be issued in one or more series. The bonds of such series shall be payable within 30 years from their date and shall mature serially…
- § 6939.8 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…
- § 6939.9 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,…
- § 6939.10 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…
- § 6939.11 The income and revenue derived or to be realized from the harbor improvement acquired, constructed, improved or extended from the proceeds of the bonds shall…
- § 6939.12 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…
- § 6939.13 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,…
- § 6939.14 Surplus revenues in the operation fund may be deposited either in the interest fund or any reserve fund created to secure any bonds or in the sinking fund, but…
- § 6939.15 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…
- § 6939.16 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…
- § 6939.17 The Legislature hereby finds and declares that because of the unique, complex problems existing with respect to the Sacramento-Yolo Port District, as a large…