ARTICLE 1. Issuance and Sale
Article 1 added by Stats. 1953, Ch. 155.
§§ 55520–55534 · 15 sections
- § 55520 The board may issue and sell the bonds of the district, when authorized, at not less than par value, and the proceeds of the sale shall be placed in the county…
- § 55521 The board by an order entered upon its minutes, shall, subject to the provisions of this division, prescribe the form of bonds issued and of the interest…
- § 55522 The board shall designate an amount, not less than one-fortieth of the principal amount of the indebtedness, or series thereof, which shall be paid annually at…
- § 55523 The board may determine and fix a date for the earliest maturity of the principal of the bonds, or series thereof, not more than 10 years from the date of…
- § 55524 The bonds shall be issued in such denomination or denominations as the board may determine.
- § 55525 The bonds shall be signed by the chairman of the board and countersigned by the auditor of the district, or if one has not been appointed, the auditor of the…
- § 55526 The interest coupons of the bonds shall be numbered consecutively and signed by the auditor of the county by his engraved or lithographed signature.
- § 55527 In case any officer whose signature or countersignature appears on the bonds or coupons shall cease to be an officer before the delivery of the bonds to the…
- § 55528 The principal and interest on the bonds shall be paid by the district treasurer, or if one has not been appointed, the county treasurer, in the manner provided…
- § 55529 The board may divide the principal amount of any issue into two or more series and fix different dates for the bonds of each series. The bonds of one series…
- § 55530 Notwithstanding any other provision of the law, the board may determine that the public economy so requires, and order that less than one-fortieth of the whole…
- § 55531 District or zone bonds may be made payable on July 1st subsequent to the time fixed for the collection of the second installment of general district taxes with…
- § 55532 The proceeds of such bonds may be used for the following purposes: (a) All costs or estimated costs incidental to or connected with the acquisition,…
- § 55533 Any bonds issued by the district may be subject to call and redemption prior to maturity at such times and prices and upon such other terms as the board may…
- § 55534 When bonds are made callable, a statement to that effect shall be set forth on the face of the bond.