ARTICLE 7. Obligation to Bondholders

Article 7 added by Stats. 1957, Ch. 2237.

§§ 13131–13136 · 6 sections

• § 13131 So long as any bonds of the district are outstanding and unpaid, or so long as provision has not been made for the full payment and discharge of all such…
• § 13132 The board shall fix rates for service from the electric system to which the indebtedness pertains, and collect charges for such service, such as to provide…
• § 13133 Bonds issued under this chapter shall be issued without any priority with respect to payment of principal or interest.
• § 13134 The electric system of the district to which the indebtedness pertains shall not be sold or otherwise disposed of, as a whole or substantially as a whole,…
• § 13135 No indebtedness payable out of revenues shall be created in contravention of the provisions of any resolutions heretofore adopted by the board in connection…
• § 13136 Anything in this article to the contrary notwithstanding, the board, in any resolution constituting a part of the proceedings for the issuance of any issue of…