CHAPTER 6. Bonds
Chapter 6 added by Stats. 1955, Ch. 1232.
§§ 56070–56090 · 21 sections
- § 56070 After the approval and adoption of an engineer’s report and before ordering the engineer to prepare precise plans and specifications as provided in Chapter 5,…
- § 56071 The resolution shall state all of the following: (a) The general objects and purposes for which it is proposed to incur an indebtedness. (b) A reference to the…
- § 56072 For the purposes of the bond election the district board may consolidate into one precinct several precincts established for general election purposes and…
- § 56073 An election board consisting of one inspector, one judge, and one clerk shall be appointed by the district board for each precinct.
- § 56074 Only voters registered in the district are eligible to vote at the bond election.
- § 56075 The resolution calling the election shall be published pursuant to Section 6063 of the Government Code in a newspaper having a general circulation in the…
- § 56076 If two-thirds of the votes cast are in favor of incurring the bonded indebtedness as proposed, bonds of the district for the amount stated in the resolution…
- § 56077 The validity of the bonds after their issuance shall not be questioned in any court except upon the ground that the provisions of this chapter authorizing…
- § 56078 The district board shall prescribe by resolution the form of the bonds, and interest coupons. The bonds shall be payable at such times and at a place to be…
- § 56079 The bonds shall be issued in such denominations as the district board determines, except that no bonds shall be of a denomination less than one hundred dollars…
- § 56080 The bonds shall be signed by the chairman of the district board, and countersigned by the auditor of the district, and the seal of the district board shall be…
- § 56081 If any officer whose signature or countersignature appears on the bonds ceases to be an officer before the delivery of the bonds to the purchaser, his…
- § 56082 The board may issue and sell the bonds of the district at not less than par value, and the proceeds shall be placed in the treasury of the county. Before…
- § 56083 The construction fund shall be applied exclusively to the purposes and objects mentioned in the resolution calling the bond election. Payments from the…
- § 56084 When the purposes and objects mentioned in the resolution calling the bond election have been accomplished, any moneys remaining in the construction fund shall…
- § 56085 If the proposition of issuing bonds submitted at a bond election fails to receive the requisite number of votes, the district board may, at the expiration of…
- § 56086 If bonds have been issued by the district and the proceeds of the sale have been expended, and the district board by resolution passed by a vote of four-fifths…
- § 56087 Bonds and the interest thereon shall be paid by revenue derived from an annual tax upon the real property in the district, and all the real property in the…
- § 56088 (1) An issue of bonds is hereby defined to be the aggregate principal amount of all of the bonds authorized to be issued in accordance with a proposal…
- § 56089 Bonds may be made payable on a date subsequent to the time fixed for the collection of the second installment of general district taxes with which the first…
- § 56090 If the result of any election upon the question of the issuance of bonds is in favor of issuance, the board may, in its discretion, commence in the superior…