ARTICLE 6. Borrowing from United States

Article 6 added by Stats. 1943, Ch. 372.

§§ 23280–23289 · 9 sections

• § 23280 In addition to other powers conferred by this chapter districts may pursuant to this article borrow or procure money from the United States for any of the…
• § 23281 When the United States has appraised the security underlying the indebtedness of any district or loans any district money to refund any of its indebtedness or…
• § 23282 Any district, upon being authorized so to do as provided by Article 3 of this chapter as modified in this article, may as evidence of the loan execute a…
• § 23283 A district may issue bonds if required by the contract or without a contract.
• § 23284 The bonds shall contain any terms and be payable in any manner and from any source of revenue that may be agreed upon between the district and the United…
• § 23285 The bonds may be serial or sinking fund bonds, may be made callable either by number or by lot, and may be made payable to bearer or to the United States. They…
• § 23287 A majority vote at an election shall be sufficient to authorize the execution of the contract.
• § 23288 The notice of election and ballot need contain only the information required in the case of ordinary bond elections.
• § 23289 Proposals both to enter into a contract and to issue bonds may be voted upon as a single proposition.