CHAPTER 3. Provisions Relating to General Obligation Bonds Only
Chapter 3 added by Stats. 1951, Ch. 390.
§§ 36150–36215 · 25 sections
ARTICLE 1. Bond Issuance §§ 36150–36153 · 2 sections
- § 36150 If a general obligation bond issue is contemplated, there shall be included in the estimate required by Section 35950 every expense of the district that it is…
- § 36153 In addition to any and all other provisions of this division and any other applicable laws for the issuance of general obligation bonds by a district, general…
ARTICLE 2. Sale and Exchange of Bonds §§ 36170–36172 · 3 sections
- § 36170 The board may order general obligation bonds sold at not less than 90 percent of par value when the board deems it for the best interest of the district to do…
- § 36171 General obligation bonds may be exchanged dollar for dollar for bonds of the State.
- § 36172 Bonds of the State that may be received for general obligation bonds shall be placed to the credit of the district to be sold as the board may direct, for not…
ARTICLE 3. Miscellaneous Provisions §§ 36190–36202 · 13 sections
- § 36190 General obligation bonds shall be in such form as may be prescribed by the board.
- § 36191 General obligation bonds shall be payable in lawful money of the United States.
- § 36192 Each issue or series of an issue of general obligation bonds shall be numbered consecutively, and the bonds of each issue or series of an issue shall be…
- § 36193 General obligation bonds shall be signed by the president and attested by the secretary.
- § 36194 General obligation bonds shall be of such denomination or denominations as the board may prescribe.
- § 36195 General obligation bonds shall be payable at such time or times and place or places as may be designated by the board, but in no case shall the maturity of any…
- § 36196 Each general obligation bond shall be made payable at a given time for its full face value and not for a percentage thereof.
- § 36197 A general obligation bond shall be payable when due upon presentation and surrender thereof to the treasurer by the holder.
- § 36198 General obligation bonds shall bear interest at a rate not in excess of 8 percent per annum payable annually or semiannually as may be prescribed by the board.
- § 36199 The interest on general obligation bonds shall be payable at such place or places as may be prescribed by the board upon the presentation and surrender of the…
- § 36200 The interest coupons shall be in such form as may be prescribed by the board.
- § 36201 Coupons for each installment of interest shall be attached to the bonds, numbered the same as the bonds, and signed by the secretary.
- § 36202 All the signatures on the bond or coupons may be printed, lithographed or otherwise mechanically reproduced, except that one of the signatures on the bond…
ARTICLE 4. Destruction and Redemption of Bonds §§ 36210–36215 · 7 sections
- § 36210 Whenever a district has any of its unsold general obligation bonds which it is not necessary to sell for the purpose of raising funds, the board may, at a…
- § 36211 The notice of the election at which general obligation bonds are proposed to be destroyed shall specify, in addition to the requirements provided in Section…
- § 36212 If at the time the vote cast at the election is canvassed a two-thirds majority of the votes cast upon the proposition favors the destruction of the unsold…
- § 36213 The amount of the general obligation bonds destroyed shall be deducted from the total amount authorized to be issued and no part of the bonds destroyed shall…
- § 36213.1 If the unsold general obligation bonds shall not have been printed, the election provided for in this article shall be called and held to determine whether the…
- § 36214 Whenever the funds of the district are in excess of the amount necessary to complete the construction of the irrigation works or to acquire the property and…
- § 36215 The provisions of Sections 36303, 36304, 36305 and 36348 shall also be applicable to general obligation bonds.