CHAPTER 3. Bonds and Notes [37640. - 37650.]

Chapter 3 added by Stats. 1976, Ch. 1345.

§§ 37640–37650 · 11 sections

• § 37640 (a) A local agency may issue its negotiable bonds or notes for the purpose of financing historical rehabilitation, including the rehabilitation of (1) single…
• § 37641 The bonds may be issued as serial bonds or as term bonds, or the local agency, in its discretion, may issue bonds of both types. The bonds shall be authorized…
• § 37642 Any resolution or resolutions authorizing any bonds or any issue of bonds may contain provisions respecting any of the following terms and conditions, which…
• § 37643 Neither the members of the legislative body of the local agency nor any person executing the bonds or notes shall be liable personally on the bonds or notes or…
• § 37644 The local agency shall have the power out of any funds available therefor to purchase its bonds or notes. The local agency may hold, pledge, cancel, or resell…
• § 37645 In the discretion of the local agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and between the local agency…
• § 37646 Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees appointed pursuant to any…
• § 37647 Bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the local agency or a pledge of the faith and credit of…
• § 37648 (a) The local agency may provide for the issuance of the bonds of the local agency for the purpose of refunding any bonds of the local agency then outstanding,…
• § 37649 Notwithstanding any other provisions of law, bonds issued pursuant to this part shall be legal investments for all trust funds, the funds of insurance…
• § 37650 The exercise of the powers granted by this part shall be in all respects for the benefit of the people of this state and for their health and welfare. Any…