ARTICLE 6. Bond Issuance

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

§§ 25325–25336 · 13 sections

§ 25325 A district may sell any bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes for which they…
§ 25326 Before any sale the board shall by resolution entered on its minutes set forth all of the following: (a) Its intention to sell a specified amount of the bonds.…
§ 25327 The board shall give notice of the sale by publication for at least three weeks in some newspaper published in the office county and in any other newspaper at…
§ 25328 The notice shall state that sealed proposals will be received by the board at the district office for the purchase of bonds until the day and hour specified in…
§ 25329 At the time specified the board shall open the proposals and award the purchase of the bonds or any portion of them to the highest responsible bidder or…
§ 25330 No proposal shall be accepted which is not accompanied by a certified check for a reasonable percentage of the amount of the bid as determined by the board,…
§ 25330.1 In the case of any district described in Section 20560.2 with respect to construction bonds issued for purposes of financing the works described in that…
§ 25331 The board may reject any or all bids.
§ 25332 In case no award is made, the board thereafter may either readvertise the bonds or any part of them for sale or sell them at private sale.
§ 25333.5 In the case of any district described in Section 20560.2 with respect to construction bonds issued for purposes of financing the works described in that…
§ 25334 A district may exchange its construction bonds for any property or interest in property which the district might acquire with the proceeds of the bonds, if…
§ 25335 Any refunding bonds may be either: (a) Sold from time to time in the same manner as other bonds of the district. (b) Exchanged for other bonds or warrants of…
§ 25336 Any outstanding bonds refunded or exchanged shall be immediately canceled by the treasurer.