ARTICLE 1. Issuance and Form

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

§§ 52500–52510 · 11 sections

• § 52500 A district may refund the whole or any part of any installment of the principal of an outstanding bond issue.
• § 52501 All proceedings for the issuance of refunding bonds commenced prior to August 14, 1929 shall be completed in accordance with the provisions of this part.
• § 52502 When the board determines that it would be for the best interest of the district or the landowners therein to refund any installment, or portion thereof, of…
• § 52503 At the election the board shall submit to the landowners the question of whether any installment of the principal of the outstanding bonds of the district, or…
• § 52504 The order for the election shall state the maturities and rate of interest of the refunding bonds, and the total amount of the principal thereof, and shall…
• § 52505 If a majority of the votes cast at the election approve the issuance of refunding bonds, the board shall prescribe the date and rate of interest of the…
• § 52506 The principal of the refunding bonds shall not exceed 110 percent of the principal amount of the bonds to be refunded.
• § 52507 The principal and interest of refunding bonds shall be based on and payable out of the assessment upon which the bonds to be refunded are payable.
• § 52508 Refunding bonds shall be payable serially within at least 50 years from their date.
• § 52509 Refunding bonds may be in substantially the following form: United States of America State of California County of ______ No. _____ $ Reclamation District No.…
• § 52510 The interest coupons may be substantially in the following form: No. ________ $ _______ The county treasurer of ____ County, California, will pay to the holder…