PART 6. FORM AND CONTENT OF BONDS [8650. - 8655.]

Part 6 added by Stats. 1941, Ch. 79.

§§ 8650–8655 · 8 sections

• § 8650 (a) Except as provided otherwise by the legislative body pursuant to Section 8650.1, the bonds shall be issued in series and an even annual proportion of the…
• § 8650.1 The legislative body, in its discretion, may determine, either (a) in the resolution of intention describing the improvement work, or (b) thereafter in any…
• § 8651 The final series of installment of the bonds shall mature and be payable on a date which shall not exceed 39 years from the second day of September next…
• § 8651.5 Each bond, or any portion of the bond in a fixed amount or any integral multiple of the fixed amount, shall be subject to redemption in advance of its maturity…
• § 8652 The bonds shall be substantially in the following form: United States of America State of California County of ______ REGISTERED Number REGISTERED $
• § 8653 The bonds shall be signed by the treasurer and the clerk of the legislative body. However, the legislative body may by order authorize the use upon the bonds…
• § 8654 The bonds shall bear interest at the rate specified or determined in the proceedings. The bonds maturing in any year shall constitute the annual series of that…
• § 8655 The bonds, by their issuance, shall be conclusive evidence of the regularity of all proceedings had prior thereto under this division and under the law…