CHAPTER 6. Bonds

Chapter 6 added by Stats. 1961, Ch. 2069.

§§ 13100–13129 · 30 sections

§ 13100 Whenever the board deems it necessary for the district to incur a bonded indebtedness, it shall by resolution set forth all of the following: (a) A declaration…
§ 13101 Notice of the hearing shall be given by publication of a copy of the resolution pursuant to Section 6066 of the Government Code in a newspaper of general…
§ 13102 The copy of the resolution published shall be accompanied by a notice subscribed by the clerk that: (a) The hearing referred to in the resolution will be had…
§ 13103 At the time and place fixed for the hearing on the resolution declaring the necessity for incurring the bonded indebtedness or at any time and place to which…
§ 13104 At the hearing any person interested, including persons owning property within the district, may appear and present any matters material to the questions set…
§ 13105 At the conclusion of the hearing, the board shall by resolution determine whether the whole or part of the district will be benefited by the accomplishment of…
§ 13106 If the board determines that the whole of the district will not be benefited, the resolution shall also describe the portion of the district which will be…
§ 13107 After the formation of an improvement area within the district pursuant to this chapter, all proceedings for the purpose of a bond election within the…
§ 13108 The determination of the board that the whole of the district will be benefited by the bond issue or only that a described portion of the district will be…
§ 13109 After the board has made its determination pursuant to Section 13105, if it deems it necessary to incur the bonded indebtedness, it shall by resolution state:…
§ 13110 The resolution provided for in Section 13109 shall constitute the notice of such special bond election and such resolution shall be published pursuant to…
§ 13111 The provisions of the Elections Code relating to the qualifications of electors, the manner of voting, the duties of election officers, the canvassing of…
§ 13112 Every voter within the area designated in the resolution adopted pursuant to Section 13109, but no others, may vote on the proposition to authorize the bonds.…
§ 13113 A two-thirds vote shall be required for the issuance of general obligation bonds.
§ 13114 If two-thirds of the vote cast at the election are in favor of incurring the indebtedness, the board may by resolution, at the time or times it deems proper,…
§ 13115 The bonds shall be signed by the chair of the board and countersigned by the clerk of the board or the clerk’s deputy and the coupons shall be signed by the…
§ 13116.5 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…
§ 13117 The district may sell the bonds so issued at the times or in the manner the board deems to be to the public interest, provided, that all bonds shall be sold on…
§ 13118 Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality and shall be…
§ 13119 The board may, by resolution, do the following: (a) Submit to voters a measure to issue new bonds to refund any or all of the district bonds outstanding. (b)…
§ 13120 The measure may be voted on at any district election or an election may be called for the purpose.
§ 13121 The procedure upon the election shall be in accordance, so far as applicable, with the procedure upon an original issue of bonds, except that: (a) No hearing…
§ 13122 The refunding bonds may, if the holders of the bonds of an original issue and the board so agree, be exchanged for original bonds.
§ 13123 The face value of refunding bonds exchanged for original bonds shall not exceed the face value of the original bonds.
§ 13124 The board may raise money by rates or taxes to pay principal and interest of the refunding bonds in the same manner as prescribed for payment of bonds of an…
§ 13125 Any bonds issued by the district may be made callable by resolution of the board adopted at or prior to the time of issuing the bonds.
§ 13126 When bonds are made callable a statement to that effect shall be set forth on the face of the bond.
§ 13127 Callable bonds may be redeemed on any interest payment date prior to their fixed maturity in such amounts and manner and at such prices as the board may…
§ 13128 Notice designating the bonds called for redemption shall be published in a newspaper determined by the board to be the one most likely to reach the holders of…
§ 13129 If on the date fixed for redemption the district has provided funds available for payment of the principal and interest of the bonds called, interest on them…