ARTICLE 3. Redemption

Article 3 added by Stats. 1951, Ch. 336.

§§ 52750–52760 · 11 sections

• § 52750 When the sinking fund contains at least ten thousand dollars ($10,000), the county treasurer shall, upon request of the board, by notice published once a week…
• § 52751 The notice shall state the amount available for the redemption of bonds or refunding bonds and shall specify when and where the proposals will be opened.
• § 52752 All proposals shall be opened at the office of the county treasurer at an open meeting of the board convened at the time specified in the notice or at some…
• § 52753 Any or all proposals may be rejected by the county treasurer, and shall be rejected by him if requested to do so in writing by a majority of the board.
• § 52754 If no bids are received, or if the bids accepted are not sufficient to exhaust the money available for the purchase of outstanding bonds or refunding bonds,…
• § 52755 No proposal to sell bonds to the district at a price in excess of the par value thereof shall be accepted.
• § 52756 All bonds purchased with sinking fund moneys shall forthwith be canceled.
• § 52757 The board may, by resolution adopted prior to the time of issuing any refunding bonds, provide for the call and redemption thereof, in numerical order, or by…
• § 52758 Notice of redemption of callable refunding bonds shall be published once a week for three successive weeks in a newspaper of general circulation printed and…
• § 52759 The first publication of the notice shall be not less than 30 days nor more than 90 days prior to the date fixed in the refunding bonds for the redemption.
• § 52760 Interest on refunding bonds declared to be callable shall cease after the date fixed for redemption if the district has provided funds for the payment of the…