CHAPTER 2. Bonds [52200. - 52302.]
Chapter 2 added by Stats. 1951, Ch. 336.
§§ 52200–52302 · 32 sections
ARTICLE 1. Issuance §§ 52200–52208 · 9 sections
- § 52200 All provisions of Chapter 1 of this part are applicable to bonds issued pursuant to this article.
- § 52201 When any assessment, except an operation and maintenance assessment, levied and assessed upon district lands remains unpaid in whole or in part and, in the…
- § 52202 At the special election the board shall submit to the landowners the question of whether bonds shall be issued in an amount equal to the amount of such…
- § 52203 If a majority of the votes cast at the election are in favor of the issuance of bonds, the board shall cause the amount of bonds stated in the order for the…
- § 52204 If the board deems it advisable, it may order a special election to be held prior to making any assessment, to determine whether bonds shall be issued for an…
- § 52205 The county treasurer shall place the bonds to the credit of the district.
- § 52206 The bonds shall be payable serially within 20 years from their date, as follows: (a) Not less than 10 percent of the aggregate face value of bonds issued shall…
- § 52207 The bonds shall be substantially in the following form: Form of Bonds United States of America State of California County of ______ No. _____ $ ______…
- § 52208 The interest coupons may be substantially in the following form: No. ________ $ _______ The County Treasurer of ____ County, California, will pay to the holder…
ARTICLE 2. Sale §§ 52220–52228 · 9 sections
- § 52220 When directed by resolution of the board, the county treasurer may sell all or any designated number of the bonds for the best price obtainable, but in no…
- § 52221 The bonds shall be sold in the manner provided in Article 3 of Chapter 1 of this part.
- § 52222 The county treasurer may accept in full or partial payment for bonds, outstanding warrants of the district at face value plus the accrued interest thereon.
- § 52223 When bonds have been authorized prior to payment of an assessment during the 30-day period allowed by Section 51510, the amount of bonds to be sold shall be…
- § 52224 The reduction and cancellation of bonds not to be sold shall be only in the latest maturities and the minute order directing such reduction and cancellation…
- § 52225 The proceeds from the sale of the bonds shall be placed in the county treasury to the credit of the district.
- § 52226 A sale and delivery of the bonds by the county treasurer is conclusive evidence in favor of the purchaser and all subsequent holders of the bonds that the sale…
- § 52227 The board may draw demand warrants upon the county treasurer against the funds provided by sale of bonds.
- § 52228 Bonds issued pursuant to this chapter which have been investigated and certified by any officer of this state authorized to make such investigation and…
ARTICLE 3. Additional Series §§ 52240–52241 · 2 sections
- § 52240 When any district, having authorized the issuance of a series of bonds, issues an additional series based on another assessment, the dates of maturity of the…
- § 52241 The provisions of this part relative to the original issue of bonds shall apply to additional series of bonds so far as applicable.
ARTICLE 4. Exchange §§ 52260–52262 · 3 sections
- § 52260 Any district which has issued bonds of different denominations, may, by order entered in its minutes, upon request of holders thereof, and upon the deposit of…
- § 52261 Exchange bonds shall be executed by all persons required by law to execute the bonds for which the exchange is made.
- § 52262 Bonds deposited for exchange shall be canceled by the county treasurer and the board.
ARTICLE 5. Cancellation §§ 52280–52285 · 6 sections
- § 52280 The board, by an order entered in its minutes, may cancel all proceedings taken in connection with bonds remaining unsold one year after they are delivered to…
- § 52281 A certified copy of the order shall be filed with the county treasurer of each county wherein lands affected by the assessment on which the bonds were based…
- § 52282 Upon receipt of the order, the county treasurer to whom the unsold bonds have been delivered shall cancel the unsold bonds and all coupons attached thereto.
- § 52283 Cancellation of unsold or unissued bonds shall not affect the validity of the assessment upon which the bonds were issued, and the board may call for the…
- § 52284 When a portion of any bond issue is canceled, the board shall call the portion of the assessment securing the canceled bonds, in such installment or…
- § 52285 Calls of assessments pursuant to Section 52284 shall be limited to amounts which will leave uncalled a sufficient portion of the assessment to pay principal…
ARTICLE 6. Miscellaneous §§ 52300–52302 · 3 sections
- § 52300 The provisions of this division as to the procedure for calling assessments to meet payments of principal or interest of bonds, the provisions of Section…
- § 52301 In all cases where it is provided in this division that bonds and interest coupons may be used in lieu of cash, and the entire amount of any bonds or coupons…
- § 52302 Bonds and interest coupons which are, without bad faith on the part of the holder, lost, destroyed, or so mutilated as to impair their value to the holder, may…