BlackletterCalifornia law

PART 9. WARRANTS [53000. - 53342.]

Part 9 added by Stats. 1951, Ch. 336.

§§ 53000–53342 · 52 sections

  1. CHAPTER 1. Issuance, Registration and Payment §§ 53000–53093 · 29 sections
    1. ARTICLE 1. General Provisions §§ 53000–53004 · 5 sections
      • § 53000 The board may issue warrants drawn on the appropriate funds of the district to pay indebtedness of the district incurred in carrying out the works of…
      • § 53001 The board may draw demand warrants or time warrants, subject to the provisions of this part.
      • § 53002 Demand warrants are warrants, drawn for any purpose, which are payable upon demand.
      • § 53003 Time warrants are warrants, based upon an operation and maintenance assessment, payable at a specified future date expressed in the warrant.
      • § 53004 The date of a warrant is the date inserted as such on the face of the warrant.
    2. ARTICLE 2. Demand Warrants §§ 53020–53023 · 4 sections
      • § 53020 Demand warrants may be in substantially the following form: Face No. ________ $ ________ Office of the Board of Trustees of Reclamation District No. _________…
      • § 53021 Demand warrants shall be presented to the county treasurer, and, if not paid on presentation, shall be registered and an endorsement of nonpayment made thereon.
      • § 53022 Demand warrants not paid on presentation shall bear interest from date of registration at the rate adopted by the board, pursuant to Section 53300.
      • § 53023 Demand warrants registered for nonpayment shall be paid by the county treasurer either in the order of registration or in the order agreed to, in writing, by…
    3. ARTICLE 3. Time Warrants §§ 53040–53049 · 11 sections
      • § 53040 When the board has filed an operation and maintenance assessment roll in the office of the county treasurer, and has directed an assessment levied against that…
      • § 53041 Time warrants may be in substantially the following form: Face No. ________ $________ Office of the Board of Trustees of Reclamation District No. ____. ______,…
      • § 53042 The time warrants which may be issued to mature in any year shall not exceed the amount of the assessment installment payable in such year, and the principal…
      • § 53042.5 Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that a special election is…
      • § 53043 No time warrants shall be issued, sold, or disposed of for less than the face amount thereof and accrued interest thereon to date of delivery.
      • § 53044 The proceeds from the issuance and sale of time warrants shall be deposited in the maintenance fund and shall be applicable to the payment of the expenses…
      • § 53045 Time warrants shall be registered with the county treasurer prior to their issuance.
      • § 53046 Time warrants shall be paid upon their due date upon presentation and surrender to the county treasurer.
      • § 53047 If time warrants are not paid by reason of lack of funds, no further registration is required, and they shall continue to bear interest after their due date…
      • § 53048 Time warrants which are not paid on their due date because of lack of funds have priority and shall be paid out of the proceeds of the collection of the…
      • § 53049 The county treasurer, upon the request of the board, shall pay all time warrants before the maturity thereof, providing there are sufficient funds, after…
    4. ARTICLE 4. Warrants Drawn on Maintenance Fund §§ 53070–53074 · 5 sections
      • § 53070 A demand warrant on the maintenance fund pursuant to Section 51546 shall designate that it is so drawn and is to be paid therefrom, and is not required to be…
      • § 53071 A demand warrant drawn on the maintenance fund shall be presented to the county treasurer and, if there is insufficient money in the maintenance fund to pay…
      • § 53072 A demand warrant unpaid for want of funds at the time of presentation shall be registered by the county treasurer separately from other warrants of the…
      • § 53073 A demand warrant issued pursuant to this article, shall be paid only from the maintenance fund, and, when registered, either in the order of its registration…
      • § 53074 The provisions of Article 2 of this chapter and Article 2, Chapter 2 of this part relating to the payment or renewal of a demand warrant apply to a warrant…
    5. ARTICLE 5. Warrants Drawn on Irrigation Fund §§ 53090–53093 · 4 sections
      • § 53090 A warrant drawn on the irrigation fund shall designate that it shall be paid therefrom, and is not required to be approved by the board of supervisors nor be…
      • § 53091 A warrant drawn on the irrigation fund shall be presented for payment to the county treasurer.
      • § 53092 If there is insufficient money in the irrigation fund to pay a warrant when presented, endorsement of that fact shall be made thereon by the county treasurer,…
      • § 53093 All the provisions of Article 2 of this chapter and Chapter 2, Article 2 of this part relating to the payment or renewal of warrants apply to a warrant drawn…
  2. CHAPTER 2. Cancellation and Reissuance §§ 53200–53247 · 18 sections
    1. ARTICLE 1. Permissive §§ 53200–53202 · 3 sections
      • § 53200 The board, at the request of the holder of any warrant, may cancel it and issue two or more warrants in lieu thereof.
      • § 53201 If the canceled warrant has been registered each new warrant shall state that it is issued partly in lieu of a registered warrant, giving the dates of issuance…
      • § 53202 New warrants issued pursuant to this article shall be issued for the principal only of the old warrant, but, upon registration, shall bear interest from the…
    2. ARTICLE 2. Mandatory §§ 53220–53226 · 7 sections
      • § 53220 The board shall, on demand of the holder of any demand warrant outstanding one year or more, or any time warrant overdue one year of more, cancel the same and…
      • § 53221 Warrants issued for interest pursuant to this article shall not bear interest.
      • § 53222 Upon drawing an interest warrant the board shall endorse on the reverse of the old warrant the fact that interest has been paid to the date of drawing the…
      • § 53223 An interest warrant shall state that it is drawn for interest on warrant No. ____ to ____ (date).
      • § 53224 The board shall notify the county treasurer upon drawing an interest warrant, and he shall note on his register of warrants the fact that interest has been…
      • § 53225 A demand warrant not paid or presented for reissuance within four years after its date, or a time warrant not paid within four years after its maturity may,…
      • § 53226 The board and the county treasurer may cancel all warrants which have not been paid or reissued, or which have not been extended one or more times, within four…
    3. ARTICLE 3. Lost, Destroyed, Mutilated or Defaced Warrants §§ 53240–53247 · 8 sections
      • § 53240 When the board is convinced by clear and unequivocal proof that a warrant of the district, without bad faith on the part of the holder, has been lost,…
      • § 53241 A holder desiring to have a duplicate warrant issued shall make a written application to the board stating the facts, and shall accompany the application with…
      • § 53242 The holder of a lost or destroyed warrant shall file, with the application, a bond in double the face value of the lost or destroyed warrant.
      • § 53243 The bond must be approved by the board and conditioned to indemnify and save harmless the district for any claim upon the lost or destroyed warrant.
      • § 53244 The bond of indemnification shall be executed jointly and severally by the holder and a corporate surety approved by the board and duly authorized to do…
      • § 53245 The holder of a mutilated or defaced warrant shall, at the time of filing the application for a duplicate, deliver the mutilated or defaced warrant to the…
      • § 53246 The board, upon receipt of an application for the replacement of a lost, destroyed, mutilated, or defaced warrant, shall pass a resolution stating the facts,…
      • § 53247 The duplicate warrant shall be signed by the same officers and issued in all respects as nearly as possible as the original instrument, and shall have all the…
  3. CHAPTER 3. Miscellaneous Provisions §§ 53300–53342 · 5 sections
    1. ARTICLE 1. Interest Rate § 53300 · 1 section
      • § 53300 The board may provide, by resolution entered in its minutes, such rate of interest upon warrants as it deems reasonable, not to exceed 12 percent per year.
    2. ARTICLE 2. Calling Warrants § 53320 · 1 section
      • § 53320 When there is sufficient money in the hands of the county treasurer applicable to the payment of any outstanding warrants which have not been presented for…
    3. ARTICLE 3. Actions on Warrants §§ 53340–53342 · 3 sections
      • § 53340 An action based upon, or connected with, a demand warrant shall be commenced within four years from the date of the warrant, and an action based upon, or…
      • § 53341 If an action or proceeding based upon, or connected with, a demand warrant is commenced within four years after the date of the warrant, or within four years…
      • § 53342 In any proceeding to compel the board to issue a warrant, if a controversy arises as to the amount that is due to the plaintiff, the court shall determine the…