ARTICLE 1. Authorization and Issuance of Bonds
Heading of Article 1 amended by Stats. 1967, Ch. 1215.
§§ 30900–30913 · 12 sections
- § 30900 Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition, construction, development, joint development,…
- § 30901 Notice of the holding of such election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling the election in at…
- § 30902 If any proposition is defeated by the electors, the board shall not call another election on a substantially similar proposition to be held within six months…
- § 30903 If 60 percent of the electors voting on the proposition vote for it, then the board may, by resolution, at such time or times as it deems proper, issue bonds…
- § 30904 The bonds shall bear interest at a rate or rates not exceeding the maximum rate allowed by law, payable semiannually, except that the first interest payable on…
- § 30905 The bonds may be sold as the board determines by resolution but for not less than par. Before selling the bonds, or any part thereof, the board shall give…
- § 30906 Delivery of any bonds may be made at any place either inside or outside the State, and the purchase price may be received in cash or bank credits.
- § 30907 All accrued interest and premiums received on the sale of bonds shall be placed in the fund to be used for the payment of principal of and interest on the…
- § 30908 After the expiration of three years after a bond election the board may determine, by ordinance adopted by a vote of two-thirds of all the members of the…
- § 30909 Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise, it may, by…
- § 30912 The provisions of Article 4 (commencing with Section 53500), Chapter 3, Part 1, Division 2, Title 5 of the Government Code are applicable to the district.
- § 30913 Any bonds which shall be issued under the provisions of this article shall be legal investment for all trust funds; for the funds of insurance companies,…