ARTICLE 2. Improvement District Warrants

Article 2 added by Stats. 1943, Ch. 372.

§§ 23975–23981 · 7 sections

• § 23975 A district may issue improvement district warrants signed by its president and secretary in face amount not exceeding in the aggregate the cost of the…
• § 23976 Improvement district warrants shall be made payable in amounts and at the times corresponding substantially to the amounts and times of payment of the…
• § 23977 Improvement district warrants shall bear interest at the rate fixed at the time of the levy of the improvement district assessment, and the interest may be…
• § 23978 Coupons for the interest on these warrants may be attached to them.
• § 23979 Improvement district warrants may be made payable to any of the following: (a) Bearer. (b) Persons furnishing work, labor, or material. (c) The contractor if…
• § 23980 Improvement district warrants may be sold by the district for not less than par at either public or private sale.
• § 23981 Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in the warrants of any…