CHAPTER 7. Bonds [13201. - 13341.]

Chapter 7 enacted by Stats. 1951, Ch. 764.

§§ 13201–13341 · 29 sections

1. ARTICLE 1. Issuance §§ 13201–13212 · 12 sections

   • § 13201 A district may from time to time incur a bonded indebtedness as provided in this chapter to pay the cost of acquiring, constructing, or completing the whole or…
   • § 13202 Whenever the board by resolution passed by vote of two-thirds of all its members determines that the public interest or necessity demands the acquisition,…
   • § 13203 In lieu of a resolution passed by the board, proceedings for the issuance of bonds for the purposes provided in this chapter may be initiated by petition of…
   • § 13204 Whenever any petition signed by voters within the district equal in number to at least 15 percent of the total vote cast is presented to the board asking for…
   • § 13205 If the required number of signatures is found to be genuine, the secretary shall transmit to the board an authentic copy of the petition without the signatures.
   • § 13206 Upon receiving a petition with the certificate of the secretary stating that it contains the required number of signatures, the board shall formulate for…
   • § 13207 The ordinance calling a special bond election shall fix the date on which the election will be held, and the manner of holding the election and of voting for…
   • § 13208 Propositions for incurring indebtedness for more than one object or purpose may be submitted at the same election.
   • § 13209 All special bond elections held in even-numbered years shall be consolidated with the direct primary or general election. All special bond elections held in…
   • § 13210 The ordinance shall be published, and no other notice of election need be given.
   • § 13211 The votes of two-thirds of all the voters voting on the proposition at the election are required to authorize the issuance of bonds under this chapter.
   • § 13212 If the proposition submitted at a special bond election fails to receive the requisite number of votes, the board shall not within six months after the…
2. ARTICLE 2. Form and Content §§ 13241–13244 · 4 sections

   • § 13241 Bonds authorized pursuant to this chapter shall mature serially in amounts to be fixed by the board; provided, that payment shall begin not more than 10 years…
   • § 13242 The bonds shall be issued in such denomination or denominations as the board determines, and shall be payable on the day and at the place or places fixed in…
   • § 13243 The board may at any time prior to the issuance and sale of any bonds provide for the call and redemption of any or all of the bonds on any interest payment…
   • § 13244 The bonds shall be signed by the president of the board or by such officer of the district as the board shall by resolution authorize and designate for that…
3. ARTICLE 3. Issue and Sale §§ 13261–13263 · 3 sections

   • § 13261 The bonds may be issued and sold for not less than their par value, but otherwise as the board determines.
   • § 13262 The proceeds of the bonds shall be placed in the district treasury to the credit of the proper fund, and shall be used exclusively for the objects or purposes…
   • § 13263 In lieu of the immediate levy of a tax to pay the interest or any part thereof on any bonded indebtedness incurred in accordance with this division, the board…
4. ARTICLE 4. Refunding §§ 13281–13288 · 7 sections

   • § 13281 Whenever the board by resolution passed by a vote of two-thirds of all its members determines that the refunding of the whole or any portion of the bonded…
   • § 13282 The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this division, and the approval of…
   • § 13284 Only the property in a special district is taxable for the payment of the principal and interest on any refunding bonds which are issued for the purpose of…
   • § 13285 Except as provided in this article, matters pertaining to the issuance of refunding bonds under this chapter shall be governed by Article 9 (commencing with…
   • § 13286 The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price,…
   • § 13287 In lieu of selling refunding bonds and using the proceeds to purchase or retire the bonds to be refunded, the board may exchange refunding bonds at not less…
   • § 13288 Whenever outstanding bonds are refunded they shall be surrendered to the treasurer of the district, who shall cancel them by endorsing on their face the manner…
5. ARTICLE 5. Status as Investments §§ 13311–13312 · 2 sections

   • § 13311 All bonds including refunding bonds issued by a district are legal investments for all trust funds and for the funds of all insurance companies, banks, both…
   • § 13312 All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the State as…
6. ARTICLE 6. Validating Proceedings § 13341 · 1 section

   • § 13341 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…