CHAPTER 5. Revenue Bonds

Chapter 5 added by Stats. 1951, Ch. 463.

§§ 33100–33148 · 49 sections

§ 33100 As used in this chapter, “bonds” means revenue bonds issued pursuant to this part.
§ 33101 Bonds shall not be issued in any city until the legislative body, either at a general or a special election, submits to the electors of the city the question…
§ 33101.5 In lieu of the submission of such question the legislative body may from time to time so submit to such electors the proposition of the issuance, by the…
§ 33101.6 Sections 33101 and 33101.5 shall not apply where the bonds are issued to finance a project which is to be leased to the city and where the principal of and…
§ 33102 The authority shall have power to borrow money to provide funds for any project and to issue in its name revenue bonds to evidence the indebtedness created by…
§ 33103 All such bonds shall recite upon their face, in substance, that the bonds of each issue shall constitute special obligations, and evidence a special…
§ 33104 An authority may issue such types of bonds as it determines, including bonds on which the principal and interest are payable: (a) Exclusively from the income…
§ 33105 Bonds may be additionally secured by the pledging of, placing a charge upon, or otherwise making available any parking meter revenue. Until all bonds so…
§ 33105.5 Nothing in this part nor in the specification, in the proceedings for the issuance of any bonds, of the sources of payment thereof, shall preclude any of the…
§ 33106 Except as limited by express provision of this part, each authority, by resolution, or by contract, or other agreement with, or for the benefit of, the…
§ 33107 An authority may provide for the aggregate principal amount, date or dates, maturities, interest rate or rates, interest payment dates, denominations and form…
§ 33107.5 The authority may provide that any resolution or resolutions adopted in connection with the authorization of any bonds shall constitute a contract with the…
§ 33108 Reference on the face of the bonds to any such resolution by the date of its adoption, or to any such contract or other agreement by the date of its execution,…
§ 33109 The authority may provide for such covenants and agreements on the part of the authority as it deems necessary or advisable for the better security of any…
§ 33110 The authority may provide for the making of a covenant requiring the authority to pay punctually the principal and interest on any bonds on the date or dates,…
§ 33111 The authority may provide for the making of a covenant requiring the authority to continuously operate in an efficient and economical manner any or all…
§ 33112 The authority may provide for the making of a covenant requiring the authority to make all repairs, renewals and replacements necessary to the operation of any…
§ 33114 The authority may provide for the making of a covenant requiring the authority to pay and discharge from the funds available for that purpose all lawful claims…
§ 33115 The authority may provide for the making of a covenant which limits, restricts, or prohibits the power of the authority to mortgage or otherwise encumber,…
§ 33116 The authority may provide for the making of a covenant requiring the authority to fix, prescribe and collect, with respect to any or all properties, any…
§ 33117 The authority may provide for the making of a covenant requiring the authority to provide for the establishment and maintenance of reserve funds, sinking…
§ 33118 The authority may provide for the making of a covenant requiring it to apply the proceeds of the bonds in connection with which such covenant is made, or any…
§ 33119 The authority may provide for the making of a covenant restricting the incurring of additional indebtedness payable in whole or in part out of revenues or…
§ 33120 The authority may provide for the making of a covenant requiring it to carry insurance on any facilities or properties any revenues of which are charged with…
§ 33121 The authority may provide for the terms and conditions upon which any bonds may become or be declared due and payable prior to maturity, upon the happening of…
§ 33122 The authority may provide for the rights, limitations, powers, and duties arising upon breach by the authority of any of the covenants, conditions, or…
§ 33123 The authority may provide for a procedure by which certain specified terms and conditions of any resolution, contract, or agreement may be subsequently amended…
§ 33124 The provisions for such procedure may include an agreement that bonds held by the authority, the city, or by any other person or entity who or which the…
§ 33125 The authority may provide for such other acts and matters as it may deem to be necessary, convenient, or desirable to secure the bonds or to make them more…
§ 33126 The authority may designate a bank or trust company as a trustee for the holders of bonds issued pursuant to this part, and may authorize the trustee to act on…
§ 33127 The authority may fix and determine the conditions upon which any trustee shall receive, hold, or disburse any or all funds coming into its hands pursuant to…
§ 33128 The authority may prescribe the duties and powers of any trustee respecting the payment of principal and interest on bonds, the redemption of bonds, the…
§ 33129 The authority may provide for the issuance of bonds in series, and for the division of any issue into two or more divisions, and may fix different maturities…
§ 33130 All bonds of the same authorized issue need not be of the same kind or character, have the same security, or bear the same interest rate, but the terms of the…
§ 33133 Bonds may be callable upon such terms, conditions, and notice as the authority determines, and upon the payment of the premium, if any, fixed by the authority…
§ 33134 The authority may provide for the payment of the principal and interest of bonds at any place within the State, or for the payment or collection of such…
§ 33135 Signatures on the bonds and interest coupons may be printed, lithographed, or engraved facsimile, except that on the bonds, but not on the interest coupons,…
§ 33136 If any officer or representative whose signature or countersignature appears upon the bonds or coupons ceases to be an officer or representative before the…
§ 33137 Bonds issued under this part may be serial or sinking fund bonds. A bond by its terms shall not mature more than forty (40) years from its own date. If any…
§ 33138 The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not exceed 8 percent of the par…
§ 33139 In determining the amount of bonds to be issued, the authority may include an amount for the purpose of establishing a reserve fund or funds for the security…
§ 33140 The authority may provide that interest on bonds issued for the acquisition, construction, or completion of any project may be paid out of the proceeds of the…
§ 33141 In the proceedings for the issuance of bonds, the authority may provide that the principal of and interest on the bonds constitute such charge upon the…
§ 33142 Pending the actual issuance or delivery of bonds, the authority may issue temporary or interim bonds, certificates, or receipts of any denominations, with or…
§ 33143 The principal, interest, and income of all bonds issued under this part are exempt from all taxation in this State, other than gift, inheritance, and estate…
§ 33145 The authority may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any revenue bonds issued by it. All provisions of this…
§ 33146 Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of the bonds to be refunded and all expenses incident to the…
§ 33147 Bonds issued pursuant to this part are negotiable instruments.
§ 33148 An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil…