CHAPTER 6. Bonds and Other Evidence of Indebtedness [105200. - 105262.]

Chapter 6 added by Stats. 2002, Ch. 341, Sec. 4.

§§ 105200–105262 · 27 sections

1. ARTICLE 1. Authorization and Issuance of General Obligation Bonds §§ 105200–105213 · 14 sections

   • § 105200 Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition or improvement of real property authorized by this…
   • § 105201 Notice of holding of the election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling the election in at least…
   • § 105202 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…
   • § 105203 If two-thirds of the electors voting on the proposition vote for it, then the board may, by resolution, at the time or times it deems proper, issue bonds of…
   • § 105204 The bonds shall bear interest at a rate or rates not exceeding 7 percent per annum, payable semiannually, except that the first interest payable on the bonds…
   • § 105205 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…
   • § 105206 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.
   • § 105207 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…
   • § 105208 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…
   • § 105209 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…
   • § 105210 The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the district upon the terms, at the times,…
   • § 105211 The provisions of Article 4 (commencing with Section 53500) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code are applicable to the…
   • § 105212 Any bonds that are issued under the provisions of this article shall be legal investment for all trust funds; for the funds of insurance companies, banks, both…
   • § 105213 The board may enter into any covenants deemed proper to provide for issuance of additional parity bonds and the priority and pledge of special taxes; and any…
2. ARTICLE 2. Revenue Bonds §§ 105220–105221 · 2 sections

   • § 105220 The district may issue bonds, payable from revenue of any facility or enterprise to be acquired or constructed by the district, in the manner provided by the…
   • § 105221 The district is a local agency within the meaning of the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5…
3. ARTICLE 3. Equipment Trust Certificates §§ 105230–105233 · 4 sections

   • § 105230 The district shall have power to purchase rail transit equipment such as cars or rolling equipment; and may execute agreements, leases, and equipment trust…
   • § 105231 The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or trust company duly authorized…
   • § 105232 The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for…
   • § 105233 The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any…
4. ARTICLE 4. Improvement Acts and Special Benefit Districts §§ 105240–105241 · 2 sections

   • § 105240 The Improvement Act of 1911 (Part 1 (commencing with Section 5000) of Division 7 of the Streets and Highways Code), the Municipal Improvement Act of 1913…
   • § 105241 The provisions of Chapter 1 (commencing with Section 99000) of Part 11 of Division 10 of the Public Utilities Code are applicable to the district.
5. ARTICLE 5. Temporary Borrowing §§ 105250–105251 · 2 sections

   • § 105250 The district may borrow money in accordance with the provisions of Article 7 (commencing with Section 53820), or of Article 7.6 (commencing with Section 53850)…
   • § 105251 The district may borrow money in anticipation of the sale of bonds that have been authorized to be issued, but have not been sold and delivered, and may issue…
6. ARTICLE 6. Miscellaneous §§ 105260–105262 · 3 sections

   • § 105260 The district may bring an action to determine the validity of any of its bonds, equipment trust certificates, warrants, notes, or other evidences of…
   • § 105261 All bonds and other evidences of indebtedness issued by the district under the provisions of this part, and the interest thereon, are free and exempt from all…
   • § 105262 Notwithstanding any other provisions of this part or any other law, the provisions of all ordinances, resolutions, and other proceedings in the issuance by the…