ARTICLE 3. Bonds for Assessments
Article 3 added by Stats. 1969, Ch. 234.
§§ 35500–35512 · 13 sections
- § 35500 Bonds shall be issued pursuant to this article.
- § 35501 The list of unpaid assessments shall be certified and filed with the city treasurer. Upon the filing of the list, the city treasurer shall make out and sign a…
- § 35502 The legislative body shall sell the bonds for cash for not less than the amount of the assessments represented by the bonds.
- § 35503 At any time after the assessment is recorded, the legislative body may call for sealed bids on the bonds proposed to be issued. Notice inviting bids shall be…
- § 35504 The legislative body shall sell the bonds for cash, and if bids are made, for cash to the best responsible bidder.
- § 35505 The bonds may be sold at any rate of interest not exceeding that stated in the resolution of intention. The maximum interest rate shall not exceed 7 percent a…
- § 35506 The bonds shall extend over a period not to exceed 24 years from January 2nd next succeeding the next September 1st following their date.
- § 35507 Upon the award of the bonds to a purchaser, the treasurer shall issue bonds representing the liens of the unpaid assessments as shown on the list and bearing…
- § 35508 The treasurer shall deliver the bonds to the purchaser upon receiving the purchase price bid. The purchase price shall be deposited in the fund for the…
- § 35509 Except as otherwise provided in this article, bonds to be issued pursuant to this article shall be issued pursuant to Part 5 (commencing with Section 6400) of…
- § 35510 The date of the bonds shall be the date selected and specified for that purpose by the legislative body in the resolution or order calling for sealed bids upon…
- § 35511 Where an action or proceeding is brought to set aside, cancel, avoid, annul, or correct any assessment or reassessment, or to review any of the proceedings,…
- § 35512 The bonds shall be substantially in the following form: Parking District No. (Number of district) of the City of _______________ Improvement Bond $ No. Under…