ARTICLE 1. Generally

Article 1 enacted by Stats. 1939, Ch. 60.

§§ 6640–6655 · 15 sections

• § 6640 A district may issue bonds as provided in this part.
• § 6641 A district may issue bonds to raise money for any of the purposes stated in Section 6512 hereof.
• § 6642 By order entered in its minutes, when in its judgment it is advisable, the board may and shall, upon a petition of a majority of the qualified electors…
• § 6643 The order calling the election may submit as one proposal the question of issuing bonds to make all of the outlays, or so many of them as may be selected, or…
• § 6644 If, at the election, two-thirds of the votes cast are in favor of the issuance of bonds, the board may issue and dispose of the bonds as proposed in the order…
• § 6645 Bonds issued by the district under the provisions of this part shall be of such denomination or denominations as the board determines.
• § 6646 The bonds shall be payable in lawful money of the United States at the office of the treasurer and bear interest at a rate not exceeding 8 percent per annum,…
• § 6647 No bonds shall be payable in installments, but each shall be payable in full on the date specified therein by the board, which need not be an anniversary of…
• § 6648 Each bond shall be signed by the president and countersigned by the secretary. The bonds shall be numbered consecutively, beginning with number one, and shall…
• § 6649 The bonds shall be sold by the board in such manner and in such quantities as may be determined by it in its discretion but not less than 95 percent of the par…
• § 6650 The term of bonds issued shall not exceed forty years.
• § 6651 The outstanding bonds of the district shall not at any one time exceed 15 percent of the assessed value of the real and personal property of the district,…
• § 6653 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…
• § 6654 (1) An issue of bonds is hereby defined to be the aggregate principal amount of all of the bonds authorized to be issued in accordance with a proposal…
• § 6655 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…