CHAPTER 1. General Provisions [52100. - 52193.]

Chapter 1 added by Stats. 1951, Ch. 336.

§§ 52100–52193 · 28 sections

1. ARTICLE 1. Form §§ 52100–52106 · 7 sections

   • § 52100 The term bonds, as used in this chapter, includes bonds and refunding bonds, unless otherwise provided.
   • § 52101 Bonds shall be of the denomination of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) each.
   • § 52102 Bonds shall be signed by the president and attested by the county auditor of the principal county.
   • § 52103 Bonds shall be numbered consecutively in the order of their maturity.
   • § 52104 Bonds shall bear interest at a rate not to exceed 8 percent per year, payable on the first day of January and the first day of July in each year at the office…
   • § 52105 Coupons for each installment of interest shall be attached to the bonds and shall bear the facsimile signature of the county auditor of the principal county.
   • § 52106 The principal of bonds shall be made payable on the first day of July, or the first day of January in such years as the board prescribes.
2. ARTICLE 2. Validating Proceedings § 52120 · 1 section

   • § 52120 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…
3. ARTICLE 3. Sale of Bonds §§ 52150–52155 · 6 sections

   • § 52150 The county treasurer shall publish notice of the sale of bonds, at least once a week for two weeks prior to the sale, in a newspaper of general circulation…
   • § 52151 The notice shall state that the county treasurer will sell a specified amount of bonds at the time and place specified therein, and ask sealed proposals for…
   • § 52152 At the time stated in the notice of sale, the county treasurer shall open the bids and award the bonds to the highest responsible bidder as provided in Article…
   • § 52153 The date fixed for the sale of refunding bonds shall be at least 95 days prior to the maturity date of the principal of the bonds to be refunded by the sale of…
   • § 52154 The county treasurer may, and upon written request of a majority of the board, shall reject any and all bids.
   • § 52155 A record of the sale shall be made upon the books of the county treasurer.
4. ARTICLE 4. Callable Bonds §§ 52170–52179 · 10 sections

   • § 52170 The board may provide at any time before the sale of the bonds that the bonds shall be callable at face value, plus accrued interest, on any interest payment…
   • § 52171 At least 120 days prior to any interest payment date, the board may, by a two-thirds vote, adopt an order calling any amount of callable bonds for payment on…
   • § 52172 Less than all of the bonds of any maturity may be called in inverse numerical order or by lot and, if called by lot, the board shall ascertain by a drawing the…
   • § 52173 The order calling bonds shall specify the bonds to be called by number, maturity or such other designation as may be provided by the board.
   • § 52174 A certified copy of the order shall be delivered to the county treasurer.
   • § 52175 The county treasurer shall add the principal of the bonds so called for redemption specified in the order, and any premium provided by those bonds to be paid…
   • § 52176 The county treasurer, in his notice of call of assessment, shall specify the amount which is included for payment of principal of and interest on the bonds to…
   • § 52177 The county treasurer shall publish, in a newspaper of general circulation printed and published in the principal county once a week for four weeks prior to the…
   • § 52178 The notice of the call of bonds shall contain a reference to the order of the board calling the bonds and a notification to all holders of bonds so called to…
   • § 52179 In the event the bonds are callable at a premium, the board shall draw a warrant or warrants in favor of the county treasurer from time to time as bonds are…
5. ARTICLE 5. Bond Fund §§ 52190–52193 · 4 sections

   • § 52190 All money, including interest and penalties, derived by sale, or otherwise, from an assessment against which bonds have been issued, and amounts of purchase…
   • § 52191 The county treasurer shall charge to the bond fund the expenses of publication and such other incidental expenses of the county treasurer as are necessarily…
   • § 52192 All claims by the county treasurer and the expenditures shall be first approved by the board, and a warrant shall be drawn by the board on the bond fund in…
   • § 52193 The county treasurer shall transfer the balance remaining in the bond fund, after payment in full of the principal and interest of all outstanding bonds, to…