CHAPTER 7. Direct Assessment Warrants [45900. - 45932.]
Chapter 7 added by Stats. 1961, Ch. 976.
§§ 45900–45932 · 16 sections
ARTICLE 1. Project and Government Contract Warrants §§ 45900–45907 · 8 sections
- § 45900 For the purpose of financing a district project or government contract which has been approved by the voters of the district, the board of directors may, by a…
- § 45901 Direct assessment warrants shall be signed by the president and secretary in face amount not exceeding in the aggregate the cost of the project or government…
- § 45902 Direct assessment warrants shall be made payable in amounts and at the times corresponding substantially to the amounts and times of payment of the…
- § 45903 Direct assessment warrants shall bear interest at a rate to be fixed by the board at the time of sale thereof, not to exceed 7 percent per year, which interest…
- § 45904 Coupons for the interest on these warrants may be attached to them.
- § 45905 Direct assessment warrants may be made payable to any of the following: (a) Bearer. (b) Persons furnishing work, labor or material. (c) The contractor if the…
- § 45906 Direct assessment warrants may be sold by the district for not less than par at either public or private sale.
- § 45907 Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in direct assessment…
ARTICLE 2. Advance Payment of Assessments §§ 45920–45924 · 5 sections
- § 45920 At any time before direct assessment warrants are issued, the amount of any assessment on any land, exclusive of interest and the 10 percent added for…
- § 45921 Land on which the amount of the assessment has been paid pursuant to Section 45920 shall not be subject to the annual installments of the assessments levied…
- § 45922 Any landowner who desires at any time to lessen or remove the lien upon his land of any direct assessment may deliver to the district treasurer for…
- § 45923 The board may require warrants delivered to lessen or remove an assessment lien to be substantially of the average maturities of the issue of warrants.
- § 45924 The treasurer shall notify the board of the amount of the principal and interest due and to become due on the warrants delivered for cancellation. The board…
ARTICLE 3. Actions and Proceedings §§ 45930–45932 · 3 sections
- § 45930 All acts, proceedings, conclusions and findings of fact by a board of a district shall be conclusive except in an action or proceeding instituted within six…
- § 45931 An action to determine the validity of any assessment or warrants may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of…
- § 45932 No irregularity or omission not affecting the substantial rights of the landowners within a district shall affect the validity of any act done or proceeding…