CHAPTER 3. Issuance of Refunding Bonds [9600. - 9622.]

Chapter 3 added by Stats. 1984, Ch. 496, Sec. 1.

§§ 9600–9622 · 24 sections

• § 9600 In this chapter, the following terms are used with the following meanings: (a) “Costs of issuing refunding bonds” means those of the following costs and…
• § 9601 The legislative body shall provide for the issuance of the refunding bonds by resolution.
• § 9601.5 Section 8769 shall apply to bonds issued pursuant to this division in the County of San Bernardino.
• § 9602 The refunding bonds shall be issued in a principal amount equal to the total principal amount of the reassessment as approved and confirmed by the legislative…
• § 9603 The refunding bonds shall represent and be secured by the reassessments and any later reassessments which may be levied or issued upon the same property in…
• § 9604 Refunding bonds issued pursuant to this division shall comply with the following requirements which shall be set forth in the resolution adopted pursuant to…
• § 9605 All of the refunding bonds shall mature on September 2.
• § 9606 In no event shall the first maturity of any refunding bonds be earlier than the second day of September next succeeding 12 months after the date of the bonds.
• § 9607 The last maturity of any refunding bonds shall not exceed 39 years from the second day of September next succeeding 12 months after the date of the bonds.
• § 9607.5 For refunding bonds issued in the County of San Bernardino, the last maturity of any of these bonds shall not exceed the longest maturity currently authorized…
• § 9608 The rate of interest on refunding bonds shall not exceed the rate set forth in the resolution of intention adopted pursuant to Section 9520.
• § 9609 The interest on refunding bonds shall be payable on March 2, and September 2, respectively, of each year.
• § 9610 The first interest payment on the bonds shall be March 2 next preceding the second day of September next succeeding 12 months after the date of the bonds,…
• § 9611 Refunding bonds and the interest thereon shall be paid at the office of the treasurer or at any other place as is set forth in the bonds.
• § 9612 Each bond shall be conclusive evidence of the regularity of all proceedings for the levy of reassessments and the issuance of the refunding bonds and of the…
• § 9613 Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to be refunded on any basis the legislative body determines is for the benefit…
• § 9614 The designated costs of issuing the refunding bonds may be paid by the purchaser of the refunding bonds or may be paid from any other legally available source,…
• § 9615 Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and…
• § 9616 The proceeds and investments in escrow or trust shall be in an amount at the time of issuance of such refunding bonds which is certified by a certified public…
• § 9617 Following the issuance of any refunding bonds pursuant to this article, the legislative body of the city shall provide for the payment of principal and…
• § 9618 Any outstanding refunded bonds which have been exchanged for refunding bonds shall be canceled by the city treasurer.
• § 9619 The treasurer shall keep a register in his or her office which shall show the series, number, date, amount, rate of interest, and registered owner of each…
• § 9620 The legislative body may provide, in the resolution authorizing the issuance of the refunding bonds, for the establishment from the proceeds of the sale of the…
• § 9622 Notwithstanding any other provision of this part, bonds originally issued as variable rate bonds pursuant to Part 6.5 (commencing with Section 8660) may be…