CHAPTER 4.5. Provisions Relating to Short Term Borrowings [36400. - 36409.]
Chapter 4.5 added by Stats. 1954, 1st Ex. Sess., Ch. 2.
§§ 36400–36409 · 18 sections
- § 36400 A district may borrow money and incur indebtedness as provided in this chapter by action of the board and without the necessity of calling and holding an…
- § 36401 Indebtedness may be incurred pursuant to this chapter for any purpose for which the district is authorized to expend funds, including provisions for the…
- § 36402 Indebtedness incurred under this chapter shall be evidenced by warrants or negotiable notes of the district payable at stated times fixed by the board and…
- § 36402.1 Except as provided in Section 36407.1, no warrants or negotiable notes issued pursuant to this chapter shall be valid unless their issuance is authorized by a…
- § 36402.2 Notice of the election shall be given and the election shall be held and the result determined as nearly as practicable in the manner provided for bond…
- § 36402.3 The proceeds of such warrants or negotiable notes may be used and applied to the purchase or redemption of any outstanding warrants or negotiable notes of the…
- § 36403 Such warrants shall be issued in the name of the district after the adoption, by a four-fifths vote of all the members of the board, of a resolution setting…
- § 36404 The board may, in its resolution authorizing the issuance of such warrants, provide that the warrants shall be subject to call and redemption prior to…
- § 36405 Coupons payable to bearer shall be in a form and signed as prescribed by the board and may be attached to warrants issued under this chapter to evidence their…
- § 36406 Warrants or negotiable notes issued under this chapter shall be offered for public sale upon notice inviting sealed bids therefor. Such notice shall be given…
- § 36407 Warrants or negotiable notes issued under this chapter and authorized by the voters pursuant to Section 36402.1 shall constitute general obligations of the…
- § 36407.1 Warrants or negotiable notes payable in five years or less from the date of issuance may be issued under this section without the approval of the voters…
- § 36408.4 Warrants or negotiable notes payable at a future date or times may also be issued to obtain funds or property for any lawful purpose of the district; provided,…
- § 36408.5 Any warrant or negotiable notes authorized in the preceding section shall draw interest at a rate to be fixed by the board not to exceed eight (8) percent per…
- § 36408.6 Warrants or negotiable notes of any district may be issued to evidence the indebtedness allowed to be incurred prior to the levy of the first district…
- § 36408.7 A district may borrow money in anticipation of the sale of, but not in excess of the principal amount of, authorized bonds of the district which have not yet…
- § 36408.8 A district may borrow money in anticipation of the sale of, but not in excess of the principal amount of, authorized bonds of an improvement district formed…
- § 36409 The provisions of this chapter shall constitute an addition to all other power of the district to borrow money, incur indebtedness, and issue warrants or…