CHAPTER 5. Revenue Warrants
Chapter 5 added by Stats. 1967, Ch. 36.
§§ 44950–44963 · 13 sections
- § 44950 A district may issue revenue warrants pursuant to this chapter to obtain funds for any lawful purpose of the district, including the repayment of indebtedness…
- § 44951 Revenue warrants shall be secured by all or part of the revenues received by the district from tolls or charges levied pursuant to Section 43006 or from any…
- § 44952 Revenue warrants shall bear interest at a rate or rates not exceeding 8 percent per annum, payable annually or semiannually or in part annually and in part…
- § 44953 Revenue warrants shall mature at such time or times as the board may prescribe, but not more than five years from the date of issuance.
- § 44954 Revenue warrants may be made subject to redemption prior to their fixed maturity date upon such terms, conditions and notice, and at such times and prices, as…
- § 44955 Revenue warrants may be sold at either public or private sale upon such terms and conditions as the board may determine. Such warrants may be sold at less than…
- § 44957 The board may determine the form and denomination of revenue warrants, the manner of their execution, their registration and exchange privileges and the place…
- § 44958 The board, in a resolution authorizing the issuance of revenue warrants, may provide for special funds for the deposit and application of the proceeds of the…
- § 44959 The board, in a resolution authorizing the issuance of revenue warrants, may covenant to operate and maintain the facilities producing the revenues pledged for…
- § 44960 The board, in a resolution authorizing the issuance of revenue warrants, may provide for paying the interest on the revenue warrants for a period of not more…
- § 44961 Except as otherwise provided in any resolution authorizing the issuance of revenue warrants, the holder of any revenue warrant may by mandamus or other…
- § 44962 Revenue warrants shall not be issued under this chapter by any district in any one fiscal year in excess of one million dollars ($1,000,000).
- § 44963 Notwithstanding the provisions of Sections 44953 and 44962, revenue warrants may be issued prior to August 1, 1978, pursuant to this chapter for a term not to…