ARTICLE 5. Issuance and Terms

Article 5 added by Stats. 1965, Ch. 75.

§§ 74850–74857 · 8 sections

• § 74850 If two-thirds of the votes cast upon the proposition at the bond election favor the proposition submitted, the proposition shall be deemed to have been…
• § 74851 The board may issue the bonds of the district for the whole or any part of the amount of the indebtedness authorized, and may, from time to time, provide for…
• § 74852 The board shall, by a resolution adopted by a majority of its members, prescribe the form of the bonds and of the coupons attached thereto and fix the time…
• § 74853 The bonds shall bear interest at a rate not exceeding 8 percent per year, payable annually or semiannually as may be prescribed by the board at the time of the…
• § 74854 The board may provide for redemption of bonds before maturity at prices determined by it. A bond shall not be subject to call or redemption prior to maturity…
• § 74855 The bonds shall be in such denominations as the board may prescribe.
• § 74856 The principal and interest shall be payable in lawful money of the United States at the office of the treasurer or such other place as may be designated or at…
• § 74857 The bonds shall be dated, numbered consecutively, signed by the president, and attested by the secretary with the official seal of the district. The interest…