CHAPTER 2. Provisions Relating to All Bonds [35950. - 36064.]
Chapter 2 added by Stats. 1951, Ch. 390.
§§ 35950–36064 · 23 sections
ARTICLE 1. Bond Issuance §§ 35950–35954 · 10 sections
- § 35950 The board shall, as soon after the formation of the district as is practicable, prepare and adopt a plan of works and estimate the amount of money it is…
- § 35950.1 After the board has adopted a plan of works it may thereafter by resolution change or supplement the plan if it determines that the works described in the plan…
- § 35950.2 If the board determines to adopt a plan of works, or that it is necessary to change or supplement a plan of works previously adopted for a district or an…
- § 35950.3 Notice of said hearing shall be given by publishing a copy of the resolution provided for in Section 35950.2 in a newspaper of general circulation published in…
- § 35950.4 At the time and place so fixed or at any time or place to which the hearing is continued, the board shall hold the hearing provided for by the resolution at…
- § 35950.5 If the issuance of bonds has been authorized previously by the district or by the district for an improvement district and the change or supplement to the plan…
- § 35950.7 Any bonds authorized to accomplish the amended plan of the district or improvement district shall be issued and sold in the same manner and upon the same terms…
- § 35951 Bonds may be issued for the purposes of acquiring or constructing works for irrigation, domestic, municipal, and industrial water supply, acquiring the…
- § 35953 When the treasurer receives the bonds from the board, he shall place them to the credit of the district and keep a record of the bonds, the payment thereof,…
- § 35954 A district may, when necessary or proper, issue additional bonds in the same manner as provided for the original issue for any one or more of the following…
ARTICLE 2. Lien of Bonds § 35975 · 1 section
- § 35975 Unless otherwise provided in the proceedings for the issuance of the bonds, they and the interest on them shall be paid from an annual assessment upon land or…
ARTICLE 3. Sale and Exchange of Bonds §§ 35995–35998.1 · 5 sections
- § 35995 The board shall provide ways and means for the sale of bonds.
- § 35996 (a) The bonds, or any part thereof, may be issued and sold as the board determines. (b) Before selling the bonds, or any part thereof, the board may give…
- § 35997 Except as otherwise provided in Section 36170, a district shall not sell or exchange any of its bonds for less than par value plus the accrued interest thereon.
- § 35998 When any bonds are sold by the district, the treasurer shall deliver the bonds purchased to the purchaser upon receiving the purchase price of said bonds plus…
- § 35998.1 The accrued interest and premium, if any, shall be placed in the general obligation bond fund. The purchase price of said bonds shall be placed in the proper…
ARTICLE 5. Validating Proceedings § 36050 · 1 section
- § 36050 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…
ARTICLE 6. Refunding Bonds §§ 36060–36064 · 6 sections
- § 36060 This article applies only to the Irvine Ranch, Moulton-Niguel, Rancho California, and Santa Margarita Water Districts. “District” as used in this article means…
- § 36061 A district may, when necessary or proper, issue additional bonds in the same manner as provided for the original issue for any one or more of the following…
- § 36062 A district may bring an action pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure or pursuant to Chapter…
- § 36063 (a) Whenever the board of directors determines that prudent management of the fiscal affairs of the district so requires, it may refund by defeasing or calling…
- § 36063.5 (a) The following terms shall have the following meanings for purposes of this section: (1) “Bond counsel” means any attorney or firm of attorneys that…
- § 36064 Bonds may be refunded by defeasance or call for redemption, subject to all of the following requirements: (a) Notwithstanding Sections 53557 and 53585 of the…