ARTICLE 5. Bonds [34350. - 34375.]

Article 5 added by Stats. 1951, Ch. 710.

§§ 34350–34375 · 30 sections

§ 34350 An authority shall have the following powers: (a) To issue bonds for any of its corporate purposes. (b) To sell or otherwise dispose of any mortgage loans, in…
§ 34350.2 A housing authority may not issue bonds pursuant to Section 34312.4 unless it has received an allocation of qualified mortgage bonds pursuant to Section 50193,…
§ 34350.5 The exercise of any or all powers granted by this chapter shall be authorized and the bonds shall be authorized to be issued under this chapter for the…
§ 34351 An authority may issue such types of bonds as it determines, including bonds on which the principal and interest are payable: (a) Exclusively from the income…
§ 34352 (a) Any of the bonds may be additionally secured by a pledge of any revenues or a mortgage of any housing project or other property of the authority. (b) Any…
§ 34353 Neither the commissioners of an authority nor any person executing the bonds are liable personally on the bonds or subject to any personal liability or…
§ 34354 By resolution, an authority may authorize the issuance of its bonds which may be taxable or nontaxable. The resolution, its trust indenture, or mortgage may…
§ 34354.5 Notwithstanding Section 34354 or any other provision of law, the rate of interest on any indebtedness or obligation of a housing authority which is payable to…
§ 34355 The bonds may be sold at public or private sale in such manner and upon such terms as may be provided in the resolution authorizing the bonds or by separate…
§ 34356 The bonds shall bear the manual or facsimile signatures of such authority commissioner or officer as may be designated in the resolution authorizing the bonds…
§ 34357 In any proceedings involving the validity or enforceability of any bond or its security, any such bond reciting in substance that it has been issued by the…
§ 34358 In connection with the issuance of bonds or the incurring of obligations in acquiring, developing, or leasing real property and in order to secure the payment…
§ 34359 An authority may: (a) Pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence.…
§ 34360 An authority may: (a) Covenant against pledging all or part of its rents, fees, and revenues, against mortgaging all or part of its real or personal property,…
§ 34361 An authority may: (a) Covenant as to the rents and fees to be charged in the operation of a housing project, the amount to be raised each year or other period…
§ 34362 An authority may prescribe procedure by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds whose holders are…
§ 34363 An authority may: (a) Covenant as to the use of any or all of its real or personal property. (b) Covenant as to the maintenance of its real and personal…
§ 34364 An authority may: (a) Appoint one or more banks or trust companies within or outside the state having the necessary trust powers as trustee, custodian, or…
§ 34365 An authority may exercise all or any part or combination of the powers granted in Sections 34359 to 34364, inclusive, and make covenants other than the…
§ 34366 Any authority may submit to the Attorney General any bonds to be issued pursuant to this chapter after all proceedings for their issuance have been taken. Upon…
§ 34366.5 An action may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure to determine the validity of…
§ 34367 Subject only to any contractual restrictions binding upon him, an obligee may: (a) By proper proceeding compel the authority and its commissioners, officers,…
§ 34368 By its resolution, trust indenture, mortgage, lease, or other contract an authority may confer upon any obligee holding or representing a specified amount in…
§ 34369 Notwithstanding any restrictions on investments contained in any laws of this state, the state, all public officers, municipal corporations, political…
§ 34370 It is the purpose of Section 34369 to authorize any person, political subdivision, body, or officer, public or private, to use any funds owned or controlled by…
§ 34371 Insofar as the provisions of Sections 34369 and 34370 are inconsistent with the provisions of any other law, the provisions of the sections are controlling.
§ 34372 An authority may provide for the issuance of bonds of the authority for the purpose of refunding any bonds of the authority then outstanding, including the…
§ 34373 An authority which has issued bonds pursuant to this chapter or any trustee or custodian on behalf of the authority may invest any funds held by it as provided…
§ 34374 Investments under Section 34373 may include mortgage obligations on single-family dwellings purchased from a state or federally chartered savings and loan…
§ 34375 All moneys received pursuant to the provisions of this chapter, whether revenues or proceeds from the sale of bonds or proceeds of insurance or guarantee…