ARTICLE 4. Issuance

Article 4 added by Stats. 1949, Ch. 274.

§§ 31425–31429 · 5 sections

• § 31425 If from the bond election returns it appears that more than two-thirds of the votes cast at the election are in favor of incurring the indebtedness, the board…
• § 31426 The district may dispose of the bonds so issued at the times or in the manner the board deems to be to the public interest.
• § 31427 Any bonds issued by any district organized under the provisions of this act are hereby given the same force, value and use as bonds issued by any municipality…
• § 31428 All premiums and accrued interest received on the sale of bonds shall be placed in the fund to be used for the payment of principal and interest on the bonds,…
• § 31429 When the board determines by resolution that the expenditure of money raised by the sale of bonds for the purpose for which the bonds were voted is impractical…