ARTICLE 3. Refunding Bonds
Article 3 added by Stats. 1953, Ch. 155.
§§ 55580–55591 · 12 sections
- § 55580 The board may issue refunding bonds of the district for the purpose of refunding any or all outstanding bonds of the district.
- § 55581 The board shall by resolution determine the amount of the outstanding bonds to be refunded, fix the maximum amount of refunding bonds to be issued, the maximum…
- § 55582 In the resolution the board shall call an election and submit to the qualified voters of the district the question whether the refunding bonds should be issued.
- § 55583 The resolution shall fix the time of the election, establish one or more voting precincts, designate the polling place or places, appoint an inspector, judge,…
- § 55584 In all particulars not set forth in this article the election shall be held and conducted as provided in Chapter 4 of Part 2 of this division.
- § 55585 The resolution shall be published pursuant to Section 6066 of the Government Code in a newspaper of general circulation in the county designated by the board…
- § 55586 If at the election a majority of the votes cast are in favor of the issuance of the refunding bonds, the board shall be authorized to issue refunding bonds of…
- § 55587 The board shall, by order entered in its minutes, prescribe the form of the refunding bonds and of the interest coupons to be attached, and fix the date of the…
- § 55588 Refunding bonds may be exchanged at par value for any outstanding bonds to be refunded at their par value or less, upon such terms as may be agreed upon by the…
- § 55589 In lieu of the exchange for outstanding bonds, the refunding bonds may be sold by the board for cash at not less than par and accrued interest, and the…
- § 55590 Any bonds refunded and all interest coupons appurtenant thereto shall be canceled immediately by the county treasurer. Expenses of the refunding proceedings…
- § 55591 Taxes for the payment of principal and interest of refunding bonds shall be levied as provided in Chapter 3 of this part except that if the bonds refunded were…