California Government Code ARTICLE 5 - Additional Powers to Secure Bonds

• Section 54460.
  In the resolution authorizing the bonds, the legislative body may insert any of the provisions authorized by this article, which shall become a part of...
• Section 54461.
  The legislative body may provide limitations on:(a) The purpose to which the proceeds of sale of any issue of bonds may be applied.(b) The issuance of additional...
• Section 54462.
  The legislative body may provide for the amount and kind of insurance on the enterprise including insurance against:(a) Accident to or destruction of any enterprise from...
• Section 54463.
  It may provide for other insurance carried by private companies on property or risks on the same or similar enterprises.(Added by Stats. 1949, Ch. 81.)
• Section 54464.
  The legislative body may provide for the use and disposition of insurance money.(Added by Stats. 1949, Ch. 81.)
• Section 54465.
  Without limiting the authority granted, the legislative body may specifically provide that money collected from insurance against accident to or destruction of the physical enterprise...
• Section 54466.
  The legislative body may also specifically provide that the proceeds of insurance against loss of revenue shall be used solely for the payment and retirement...
• Section 54467.
  The legislative body may insert in the resolution covenants against the mortgaging or otherwise encumbering, selling, leasing, pledging, placing any charge upon, or disposing of...
• Section 54468.
  It may insert covenants against the entering into any agreement which impairs the operation of the enterprise or any part of it necessary to secure...
• Section 54469.
  The legislative body may provide for events of default and terms upon which the bonds may be declared due before maturity and the terms upon...
• Section 54470.
  The legislative body may provide for the rights, liabilities, powers, and duties arising upon the local agency’s breach of any covenants, conditions, or obligations.(Added by...
• Section 54471.
  The legislative body may provide for the vesting in a trustee of the right to enforce covenants to secure payment of or in relation to...
• Section 54472.
  The legislative body may provide for the terms upon which the bondholders or any percentage of them may enforce covenants or duties imposed by this...
• Section 54473.
  The legislative body may provide in the resolution for a procedure for amending or abrogating the terms of the resolution with the consent of the...
• Section 54474.
  Any resolution containing such a procedure may also provide for meetings of bondholders or for their written assent without a meeting and the manner of...
• Section 54475.
  The resolution shall specifically state the effect of amendment upon the rights of the holders of all of the bonds and attached or detached interest...
• Section 54476.
  The legislative body may provide for the purchase out of any available funds of any outstanding notes, bonds, or other obligations, and the price at...
• Section 54477.
  The legislative body may provide for any other acts and things necessary, convenient, or desirable to secure the bonds or tending to make them more...
• Section 54478.
  Except as hereinafter provided in this section, this chapter does not authorize any local agency to make any covenants, to perform any act, or to...

Last modified: October 22, 2018