CHAPTER 16. General Bond Provisions [25370. - 25377.]

Chapter 16 added by Stats. 1943, Ch. 284.

§§ 25370–25377 · 8 sections

• § 25370 The provisions of this chapter shall apply to all bonds issued under the authority of this part.
• § 25371 All bonds issued by joint highway districts shall be legal investments for the funds of: (a) Trusts. (b) Insurance companies. (c) Banks, both commercial and…
• § 25372 Whenever bonds of cities, counties, school districts or irrigation districts may be used as security for the performance of any act or the deposit of any…
• § 25373 The State Director of Finance may purchase any bonds issued by joint highway districts and pay for them out of any surplus money in the State treasury which,…
• § 25374 If the report of the board of directors shows that the proposed project or any unit thereof, is estimated to cost more than one million dollars ($1,000,000),…
• § 25375 The issuance of any bonds by the district shall be conclusive evidence of the regularity, validity and legal sufficiency of all proceedings, acts and…
• § 25376 No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent of the assessed value of the…
• § 25377 The taxable property within any county shall not at any time be obligated for all joint highway district purposes, in any amount in excess of the following…