BlackletterCalifornia law

CHAPTER 5. Bonds [22701. - 22851.]

Chapter 5 added by Stats. 1953, Ch. 151.

§§ 22701–22851 · 45 sections

  1. ARTICLE 1. General §§ 22701–22708 · 8 sections
    • § 22701 As used in this chapter, “board of supervisors” means the board of supervisors of the principal county.
    • § 22702 District bonds may be issued and sold pursuant to this chapter for all of the following purposes: (a) Raising money for purchasing real property for airport…
    • § 22703 If the board deems it advisable it may call an election and submit to the electors of the district the question whether district bonds shall be issued and…
    • § 22704 The board shall call and conduct the bond election in the manner prescribed by this chapter.
    • § 22705 The order calling the bond election shall be signed by a majority of the directors.
    • § 22706 In the order calling the bond election, the board may submit to the electors as one proposal the question of issuing bonds for all or any of the purposes…
    • § 22707 When bonds issued pursuant to this part have been investigated and certified by any authorized officer of the state and are declared to be legal investments…
    • § 22708 If any officer whose signature, countersignature, or attestation appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to…
  2. ARTICLE 2. Bond Election §§ 22731–22750 · 20 sections
    • § 22731 A notice of the bond election, signed by a majority of the directors, shall be posted in three public places in the district not less than 20 days before the…
    • § 22732 The notice shall contain: (a) The time and place of holding the bond election. (b) The names of the election officers. (c) The hours the polls will be open.…
    • § 22733 For the purpose of the bond election, the board may divide the district into election precincts and may change the precincts as often as occasion requires.
    • § 22734 The board shall appoint one inspector, one judge, and two clerks of election in each precinct.
    • § 22735 If the board fails to appoint the election officers, or if those appointed are not present at the opening of the polls, the electors present may appoint them…
    • § 22736 The board may fix the compensation of the election officers but not exceeding seven dollars ($7) for each election officer.
    • § 22737 The polls shall be open on election day from 8 a.m. until 8 p.m.
    • § 22738 Every resident of the district, who is a qualified elector of the county, and who is registered in the precinct where the election is held at least 30 days…
    • § 22739 The secretary shall obtain uniform ballots for the bond election. No other form of ballot shall be used. The expense of printing and distributing the ballots…
    • § 22740 The ballot shall contain the following: (a) “Official ballot provided by the board of directors of the ‛____ airport district’ to be used in the bond election…
    • § 22741 The board shall provide a booth or private room in which the voter may prepare his ballot in secret.
    • § 22742 No electioneering shall be carried on within 100 feet of the polls.
    • § 22743 Each voter shall completely select the voting target next to either “Yes” or “No” respectively, to indicate whether the voter has voted for or against the…
    • § 22744 After marking his ballot the voter shall hand it to the inspector. The inspector, in the presence of the voter, shall deposit the ballot in the ballot box. The…
    • § 22745 Any person offering to vote may be challenged by any elector of the district. In the case of a challenge the judge or clerks of the election shall administer…
    • § 22746 The secretary shall provide the election officers with official poll and tally lists.
    • § 22747 The heading of the poll list shall read “Official poll list of ____ airport district for the airport district bond election on the ____ day of ____ 19__.”…
    • § 22748 The heading of the tally list shall read “An official tally list of ____ airport district for the airport district bond election held on the ____ day of ____…
    • § 22749 The election officers shall publicly canvass the votes immediately after closing the polls. They shall fill out the tally sheet and certify the correctness of…
    • § 22750 The election officers shall transmit the returns of the election to the board of directors. The board shall meet and canvass the returns on the seventh day…
  3. ARTICLE 3. Bond Issuance §§ 22776–22786 · 11 sections
    • § 22776 If two-thirds of the votes cast at the election were for the issuance of bonds, the board shall enter that fact in its minutes. The board shall certify all of…
    • § 22777 The board of supervisors shall issue the district bonds in the number and amount specified in the bond proceedings. The board of supervisors shall provide that…
    • § 22778 By an order entered in its minutes, the board of supervisors shall: (a) Prescribe the form of the bonds and of the interest coupons. (b) The manner in which…
    • § 22779 The total amount of bonds issued shall not exceed 15 percent of the taxable property of the district as shown by the last equalized assessment books of the…
    • § 22780 The term of the bonds shall not exceed 40 years.
    • § 22781 The bonds shall be payable in lawful money of the United States as to principal and interest.
    • § 22782 The board of supervisors may make the principal and interest of the bonds payable at the office of the treasurer of the principal county, at such other place…
    • § 22783 The bonds shall be sold at the times and in the amounts prescribed by the board of supervisors, but for not less than par.
    • § 22784 Before selling all or any part of the bonds, the board of supervisors shall advertise for bids pursuant to Section 6066 of the Government Code in a newspaper…
    • § 22785 If satisfactory bids are received the bonds offered for sale shall be awarded to the highest bidder. If no bids are received or the board of supervisors…
    • § 22786 The proceeds of the sale of the bonds shall be deposited in the treasury of the principal county to the credit of the improvement fund of the district, and may…
  4. ARTICLE 4. Cancellation of Unsold Bonds §§ 22811–22814 · 4 sections
    • § 22811 If any bonds remain unsold for six months after having been offered for sale, the board of directors of the district for which the bonds were issued or of a…
    • § 22812 Upon receiving a petition signed by a majority of the members of the board of directors, the board of supervisors shall fix a time for hearing the petition.…
    • § 22813 The board of supervisors shall publish a notice stating the time and place of the hearing and the object of the petition in general terms, pursuant to Section…
    • § 22814 At the time and place designated in the notice, or at any subsequent time to which the hearing is postponed, the board of supervisors shall hear any reason…
  5. ARTICLE 5. Revenue Bonds §§ 22850–22851 · 2 sections
    • § 22850 In addition to any other powers of the district to finance improvements and to provide an independent method of financing from that contained in any other…
    • § 22851 Revenue bonds under this article shall be authorized, issued and sold under the provisions of the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section…