CHAPTER 12. Authority for Issuance and Sale of District Bonds [27220. - 27229.]

Chapter 12 added by Stats. 1943, Ch. 286.

§§ 27220–27229 · 9 sections

• § 27220 Whenever the board deems it necessary for the district to incur a bonded indebtedness it shall, by resolution so declare. The resolution shall contain: (a) A…
• § 27221 The board shall fix a date upon which a special election shall be held for the purpose of authorizing the bonded indebtedness to be incurred and shall provide…
• § 27222 The board shall give notice of the holding of the election. The notice shall: (a) Refer to the resolution adopted by the board calling the election. (b)…
• § 27223 The notice shall be published for two weeks in at least one newspaper and not more than three newspapers designated by the board, which are published in each…
• § 27224 All the expenses of holding the election shall be borne by the district.
• § 27225 The returns of the election shall be made and the votes canvassed by the board within 30 days after the holding of the election, and the results thereof…
• § 27226 If more than two-thirds of the votes cast at the election are in favor of incurring the indebtedness, the board may by resolution at any time it deems proper…
• § 27227 All bonds issued by the district shall be legal investments for savings banks, and shall have the same force and effect and shall be equivalent to bonds issued…
• § 27229 Whenever the board deems it necessary or advisable to refund any outstanding bonds, it may, by resolution, declare such necessity or advisability and outline a…