ARTICLE 1. Bond Terms
Article 1 added by Stats. 1943, Ch. 372.
§§ 25200–25219 · 23 sections
- § 25200 As used in this chapter “bonds” includes both construction and refunding bonds except as otherwise expressly provided.
- § 25201 Subject to the provisions of this article the board shall prescribe the form of the bonds issued by the district and of the attached interest coupons.
- § 25202 An issue of bonds means all of the bonds issued in accordance with a single proposal approved at an election.
- § 25203 Each issue of bonds shall be numbered consecutively as authorized, and the bonds of each issue shall be numbered consecutively.
- § 25204 The board shall fix the date of each issue of bonds and may divide any issue into two or more divisions and fix different dates for the bonds of each…
- § 25205 The date of any bond shall be subsequent to the date of the election at which its issuance was authorized and prior to that of its delivery to a purchaser from…
- § 25206 The date of issue of any bond shall be deemed to be the date of the bond appearing on its face.
- § 25207 The board shall fix the denomination or denominations of the bonds.
- § 25208 The bonds shall bear interest at a rate not to exceed 8 percent per year to be fixed by the board, except that, if, before the issuance of the bonds, the board…
- § 25208.1 Notwithstanding the provisions of Section 25208 of the Water Code and any other provisions of law, the Board of Directors of the Solano Irrigation District may…
- § 25209 The interest shall be payable on the first day of January and the first day of July of each year.
- § 25209.1 In the case of any district described in Section 20560.2, notwithstanding any other provision of this division, the interest on any bonds of the district…
- § 25210 The board shall designate the places at which the bonds and the interest thereon shall be payable.
- § 25211 The bonds shall be payable in lawful money of the United States.
- § 25212 Each bond shall be made payable at a given time for its full face value and not for a percentage thereof.
- § 25213 The principal on bonds shall be payable on the first day of January or the first day of July of the years designated by the board.
- § 25213.1 In the case of any district described in Section 20560.2, notwithstanding any other provision of this division, each principal payment, other than payments of…
- § 25214 In no case shall the maturity of any bond be more than 50 years from its date.
- § 25215 When bonds are made callable, a statement to that effect shall be set forth on the face of the bond.
- § 25216 Each bond shall be signed by the president and secretary then in office at any time between the date of the bond and its delivery to a purchaser from the…
- § 25217 The seal of the district shall be impressed on each bond.
- § 25218 The interest coupons shall be signed by the secretary then in office at any time between the date of the bond and its delivery to a purchaser from the…
- § 25219 Unless otherwise provided in the proceedings for the issuance of the bonds, they and the interest on them shall be paid from money derived from an annual…