ARTICLE 9. Refunding Bonds

Article 9 added by Stats. 1943, Ch. 369.

§§ 9510–9527 · 18 sections

• § 9510 The board may, by resolution entered in its minutes, order the refunding of the whole or any part of the principal of any bond issue now or hereafter…
• § 9511 Refunding bonds may be issued for the purpose, and when issued their proceeds may be used to refund outstanding bonds either as they mature or to call and…
• § 9512 The resolution ordering refunding of bonds shall designate the numbers, denominations, dates of maturity and aggregate principal amounts of the bonds to be…
• § 9513 Refunding bonds shall mature serially in amounts to be fixed by the board in its resolution.
• § 9514 The payment of the refunding bonds shall begin not later than five years from the date thereof and shall be completed in not more than 25 years from the date…
• § 9515 The refunding bonds, together with interest thereon, shall be payable at the office of the State Treasurer.
• § 9516 Refunding bonds shall be issued in such denominations as the board may determine except that no bonds shall be of a denomination of less than one hundred…
• § 9517 The refunding bonds shall be signed by the president of the board or such other member of the board as the board may by resolution designate and shall be…
• § 9518 The interest coupons of the refunding bonds shall be numbered consecutively and signed by the secretary of the board by his engraved or lithographed signature.
• § 9519 In case any officer whose signature or countersignature appears on the refunding bonds or coupons ceases to be such officer before the delivery of the bonds to…
• § 9520 The refunding bonds may be issued and sold by the board as it may determine but for not less than their par value and accrued interest thereon.
• § 9521 The proceeds of the refunding bonds shall be placed in the State Treasury to the credit of the drainage district in the bond fund of the assessment upon which…
• § 9522 The proceeds may also be used to defray the expenses of refinancing the obligations.
• § 9523 The principal and interest of the refunding bonds shall be based upon, secured by and payable out of the assessment or assessments upon which the bonds…
• § 9524 Upon the sale of any of the refunding bonds, installments of the assessment upon which the bonds are based shall be called and collected and the installments…
• § 9525 The refunding bonds or any part thereof when sold may be called and redeemed by the board in the manner provided by Chapter 6 of this part.
• § 9526 The refunding bonds issued by the drainage district pursuant to this part shall be legal investments for all trust funds and for the funds of all insurance…
• § 9527 Whenever bonds of cities, cities and counties, counties or school districts may by law be issued as security for the performance of any act or as security for…