ARTICLE 4. Bonds [4985. - 4997.]
Article 4 enacted by Stats. 1939, Ch. 60.
§§ 4985–4997 · 13 sections
- § 4985 The cost of the acquisition or construction of the works for which bonds may be issued includes all of the following: (a) The cost of all property, rights,…
- § 4986 Bonds issued and sold under this chapter shall be revenue bonds of the character and form known as “serials.” Each bond shall be entitled “sewer revenue bond,”…
- § 4987 Each bond, except those of the last installment, or one of each annual installment, shall be in multiples of one hundred dollars, in such amount as the…
- § 4988 The bonds shall bear interest, as the governing body shall determine, at a rate not to exceed 8 percent per annum, and shall, after the first principal…
- § 4989 The governing body shall prescribe the form of the bonds, and provide that of the indebtedness represented thereby a part shall be payable each year after…
- § 4990 The number of bonds to be paid each year need not be the same, and the governing body may fix maturities so that the number of bonds retired each year will, in…
- § 4991 If the district is a city, the bonds shall be signed by the mayor if there is one; otherwise by the president or chairman of the governing body, and…
- § 4992 In the ordinance authorizing the issuance of the bonds, provision may be made, but are not limited to provisions: (a) That all or part of the bonds are…
- § 4993 If the proceeds of the bonds for any reason are less than the cost of the works, additional bonds may in like manner be issued and sold to provide for the…
- § 4994 No error, defect, irregularity, informality, and no neglect or omission of any officer of any district in any proceedings under this chapter, that does not…
- § 4995 Bonds may be made payable on a date subsequent to the time fixed for the collection of the second installment of general district taxes with which the first…
- § 4996 An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil…
- § 4997 In determining the amount of bonds to be issued, the legislative body may include: (a) All costs and estimated costs incidental to or connected with the…