ARTICLE 1. Authorization of General Obligation Bonds [29150. - 29168.]
Article 1 added by Stats. 1957, Ch. 1056.
§§ 29150–29168 · 20 sections
- § 29150 The district may borrow money, incur a bonded indebtedness in respect thereto, and levy taxes for the payment of principal and interest thereon, in the manner…
- § 29151 Before submitting a proposal to incur any bonded indebtedness, the district shall employ such engineers, economists, fiscal experts and others as is necessary…
- § 29152 Such engineers, economists, fiscal experts and others shall make reports to the district, which shall include: (a) A general description of the facilities to…
- § 29153 After receiving such reports, the board shall determine and declare by resolution whether or not the proposed plan of work is feasible and whether or not the…
- § 29154 After adoption by the board of the reports made pursuant to Section 29152 the board shall refer such reports to the boards of supervisors of the counties…
- § 29155 After receiving the reports, each board of supervisors shall fix a time and place for a public hearing to consider the reports. The time fixed for the hearing…
- § 29156 Within 15 days from the date of the public hearing held pursuant to Section 29155, each board of supervisors shall, by a resolution adopted by a majority vote…
- § 29157 If a majority of any board of supervisors does not approve the reports, the district may make additional studies and changes and may refer the amended reports…
- § 29157.1 Whenever it appears to the board that bonded indebtedness heretofore authorized pursuant to the provisions of this article is insufficient to cover all costs…
- § 29158 When the district has received unanimous approval from the boards of supervisors of the counties comprising the district pursuant to Section 29156 of this…
- § 29159 The resolution calling the special election shall contain: (a) A statement of the general object and purpose of incurring the indebtedness. (b) Statement of…
- § 29160 The provisions of Section 37.5 of Chapter 1239 of the Statutes of 1949, the San Francisco Bay Area Metropolitan Rapid Transit District Act, relating to the…
- § 29161 Any election submitting the proposition of incurring indebtedness and the issuance of bonds called pursuant to this part, may be held separately, or may be…
- § 29162 Whenever a special bond election is called pursuant to this part and is not consolidated with any other election the board shall in its resolution calling such…
- § 29163 Notice of a special bond election shall be given by publication of the text of the resolution calling the election and except as provided below the text…
- § 29164 All the expenses of holding the election shall be borne by the district, except when the election is consolidated with another election pursuant to Part 3…
- § 29165 No error, irregularity or omission in the calling, holding or conducting of any special bond election which does not affect the substantial rights of the…
- § 29166 (a) The returns of the election shall be made and the votes shall be canvassed by the county elections official in each county contained in the district,…
- § 29167 At any special bond election called pursuant to this part, all residents of the district who are qualified electors possessing the qualifications prescribed by…
- § 29168 At any special bond election two or more propositions for incurring indebtedness may be submitted at the same election in which event the votes cast for and…