California Government Code ARTICLE 5 - Senior Obligation Bonds

• Section 53387.
  The legislative body may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution stating its intent to issue...
• Section 53387.3.
  The resolution adopted pursuant to Section 53387 shall contain all of the following information:(a) A description of the facilities or work to be undertaken with the...
• Section 53387.7.
  The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53387 once a day for at least seven successive days in...
• Section 53388.
  The legislative body shall submit the proposal to issue the bonds to the voters who reside within the district. Except as otherwise provided in this...
• Section 53388.3.
  The county shall, if requested by the legislative body of a district created within the boundaries of a city, conduct the election for the district....
• Section 53388.7.
  (a) The bonds may be issued if a majority of the voters voting on the proposition vote in favor of issuing the bonds.(b) If the voters approve...
• Section 53389.
  The legislative body shall notify the county auditor if the voters approve the issuance of the bonds pursuant to the election conducted in accordance with...
• Section 53389.3.
  When two or more propositions for incurring indebtedness pursuant to this chapter are submitted at the same election, the votes cast for and against each...
• Section 53389.7.
  If any proposition submitted to the voters pursuant to this chapter is defeated by the voters, the legislative body shall not submit, or cause to...
• Section 53390.
  The legislative body may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be issued if...
• Section 53390.3.
  The legislative body or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds and...
• Section 53390.7.
  The bonds may be sold at discount not to exceed 5 percent of par at public sale. At least five days prior to the sale,...
• Section 53391.
  If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the...

Last modified: October 22, 2018