California Streets and Highways Code CHAPTER 3 - Bonds, Acquisitions and Improvements

• Section 35402.
  The legislative body may by ordinance, resolution, or indenture provide for the issuance of bonds of the district in an amount not exceeding the amount...
• Section 35402.2.
  If at any time the legislative body finds that the proceeds of the bonds first issued will be insufficient to make all of the acquisitions...
• Section 35402.3.
  If at any time, either before or after issuing bonds, the legislative body so determines, it may at one time or from time to time...
• Section 35402.4.
  At any time prior to the issuance of bonds, the legislative body may change the boundaries of the district after notice and hearing in the...
• Section 35403.
  The legislative body shall describe the form of bonds and of the interest coupons to be attached thereto.(Added by Stats. 1953, Ch. 192.)
• Section 35404.
  The bonds shall all mature within 35 years after the date thereof and shall be payable at the times and at the place to be...
• Section 35405.
  The legislative body may make all or any portion of the bonds callable for redemption before maturity at such time, price, and other conditions as...
• Section 35406.
  The bonds shall be issued in such denomination or denominations as the legislative body may prescribe and payable on the day fixed in the bonds,...
• Section 35407.
  The bonds shall be signed by the mayor of the city or by such other officer as the legislative body in the ordinance, resolution or...
• Section 35408.
  The interest coupons on the bonds shall be numbered consecutively and signed by the treasurer.(Added by Stats. 1953, Ch. 192.)
• Section 35409.
  All of the signatures on the bonds and interest coupons may be made by printed, lithographed, or engraved facsimile except the countersignature of the clerk,...
• Section 35410.
  If any officer whose signature or countersignature appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to...
• Section 35411.
  The bonds shall state in substance that:(a) The bond and interest are payable solely from:(1) The gross or net, as the case may be, revenues from the...
• Section 35412.
  The ordinance, resolution, or indenture providing for the issuance of the bonds may also provide for the maintenance and operation of the parking facilities, for...
• Section 35413.
  The ordinance, resolution, or indenture providing for the issuance of the bonds may also provide for the installation of parking meters on the public ways...
• Section 35414.
  The ordinance, resolution, or indenture providing for the issuance of the bonds may also provide for the levy each year, if so provided in the...
• Section 35414.1.
  If the petition for the formation of a district and the resolution of intention to form the district state that this section shall apply to...
• Section 35415.
  The ordinance, resolution, or indenture providing for the issuance of the bonds may also provide for interest and redemption funds, sinking funds, reserve funds, and...
• Section 35415.5.
  The ordinance, resolution or indenture providing for the issuance of the bonds may also provide for restrictions on the operation by the city or the...
• Section 35416.
  The ordinance, resolution, or indenture may also contain any other provisions, not inconsistent with this part, which are necessary or desirable to carry out its...
• Section 35417.
  The provisions of the ordinance, resolution, or indenture shall constitute covenants for the benefit and protection of the holders of the bonds, and any holder...
• Section 35418.
  Any provision of the ordinance, resolution, or indenture, except a provision as to the amount or time of payment of principal or interest on the...
• Section 35419.
  The legislative body may sell the bonds at a price below the par or face value, provided that the discount on any bonds so sold...
• Section 35420.
  Before selling all or any part of the bonds, the legislative body shall give notice inviting sealed bids in such mannner as it prescribes.(Added by...
• Section 35421.
  If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder.(Added by Stats. 1953, Ch. 192.)
• Section 35422.
  If no bids are received, or if the legislative body determines that the bids received are not satisfactory as to price or responsibility of the...
• Section 35423.
  The proceeds of the sale of the bonds shall be placed in the city treasury to the credit of the proper district fund and applied...
• Section 35424.
  The proceeds may be used to pay the interest on the bonds during the period of construction of any parking place and for a period...
• Section 35425.
  The bonds and the interest coupons thereof shall be negotiable instruments.(Added by Stats. 1953, Ch. 192.)
• Section 35426.
  With the proceeds from the sale of the bonds and with any money which the city has agreed to contribute for the purpose, the city...
• Section 35427.
  All contracts for the construction of any improvements shall be let and entered into as other contracts are let and entered into by the city.(Added...
• Section 35428.
  When the acquisitions and improvements have been accomplished, any unexpended bond proceeds shall be placed in any fund for the payment or securing of the...
• Section 35429.
  After the bonds and all interest thereon have been fully paid, or prior thereto to the extent permitted by express provision of the ordinance, resolution,...
• Section 35430.
  Whenever a district has been formed under this part and a bonded indebtedness has been incurred for public parking facilities as provided in this part,...
• Section 35431.
  Notwithstanding the provisions of Section 35429, the bonds issued under Section 35430 to provide additional public parking facilities for the district may in part be...
• Section 35432.
  The bonds issued under Section 35430 to provide additional public parking facilities for the district may in part be secured by those net revenues from...

Last modified: October 22, 2018