ARTICLE 6. Funds and Warrants
Article 6 added by Stats. 1943, Ch. 369.
§§ 9465–9478 · 14 sections
- § 9465 The money derived from the sale of any of the bonds shall be received by the State Treasurer and placed to the credit of the following funds in the following…
- § 9466 Whenever the drainage district has any money in the bond fund of any assessment which money is not immediately required for the purpose of paying principal or…
- § 9467 The investment may be made by the board by direct purchase of the bonds from time to time and in such manner as it determines and at such price or prices as it…
- § 9468 Any bonds purchased pursuant to the provisions of this article, and held in the bond fund may from time to time be sold and the proceeds temporarily reinvested…
- § 9469 Sales of any bonds purchased and held in the bond fund shall from time to time be made so that the proceeds may be applied to the purpose for which the bond…
- § 9470 Any bonds purchased pursuant to the provisions of this article, may be delivered to the State Treasurer for cancellation and the bonds shall thereupon be…
- § 9471 The bond fund of each assessment shall be held by the State Treasurer and shall be applied by him toward the payment of the bonds and coupons thereon based…
- § 9472 If any balance remains in the bond fund of the assessment after payment in full of the principal and interest of all outstanding bonds issued upon the…
- § 9473 The balance may be distributed by the board to the owners or other persons interested in the lands.
- § 9474 The board shall from time to time when necessary, present its written request to the Controller for the issuance of warrants for the purpose of paying the cost…
- § 9475 The board’s request shall specify the amount of the warrant and the name of the payee thereof and upon receipt of the request the Controller shall draw his…
- § 9476 The State Treasurer shall pay the warrants or make delivery of the bonds as provided in this part.
- § 9477 Warrants issued by the Controller and payable out of the assessment as provided by Part 4 of this division shall be paid by the State Treasurer out of and only…
- § 9478 No warrant issued pursuant to any of the provisions of this part or of Part 4 of this division shall be accepted or received by the county treasurer in payment…