ARTICLE 4. Callable Bonds

Article 4 added by Stats. 1951, Ch. 336.

§§ 52170–52179 · 10 sections

• § 52170 The board may provide at any time before the sale of the bonds that the bonds shall be callable at face value, plus accrued interest, on any interest payment…
• § 52171 At least 120 days prior to any interest payment date, the board may, by a two-thirds vote, adopt an order calling any amount of callable bonds for payment on…
• § 52172 Less than all of the bonds of any maturity may be called in inverse numerical order or by lot and, if called by lot, the board shall ascertain by a drawing the…
• § 52173 The order calling bonds shall specify the bonds to be called by number, maturity or such other designation as may be provided by the board.
• § 52174 A certified copy of the order shall be delivered to the county treasurer.
• § 52175 The county treasurer shall add the principal of the bonds so called for redemption specified in the order, and any premium provided by those bonds to be paid…
• § 52176 The county treasurer, in his notice of call of assessment, shall specify the amount which is included for payment of principal of and interest on the bonds to…
• § 52177 The county treasurer shall publish, in a newspaper of general circulation printed and published in the principal county once a week for four weeks prior to the…
• § 52178 The notice of the call of bonds shall contain a reference to the order of the board calling the bonds and a notification to all holders of bonds so called to…
• § 52179 In the event the bonds are callable at a premium, the board shall draw a warrant or warrants in favor of the county treasurer from time to time as bonds are…