CHAPTER 3. Bond Issuance

Chapter 3 added by Stats. 1951, Ch. 391.

§§ 45400–45408 · 9 sections

• § 45400 If a majority of the votes cast at the election are in favor of the issuance of bonds, or if a resolution authorizing the issuance of bonds has been adopted…
• § 45401 The treasurer shall place the proceeds of sale of any bonds sold to the credit of the district.
• § 45402 The board may divide the principal amount of any authorized issue of bonds into two or more series, and may fix different dates for the bonds of each series.…
• § 45403 Before making a sale of bonds, notice shall be given by the treasurer by publication at least once a week for two successive weeks in the office county that he…
• § 45404 At the time appointed, the treasurer shall open the bids and award the bonds to the highest responsible bidder.
• § 45405 The treasurer, upon written request of a majority of the directors, shall reject any or all bids.
• § 45406 Sale and delivery of bonds by the treasurer is conclusive evidence that the sale was made upon due authority and notice.
• § 45407 Upon a sale of any district bonds, the treasurer may accept in payment, in whole or in part, outstanding warrants of the district at face value plus accrued…
• § 45408 The bonds of any series of an authorized issue shall be equally and ratably secured with the bonds of any other series of such authorized issue.