California Government Code ARTICLE 4 - Revenue Bonds

  • Section 67550.
    The commission may issue bonds for the acquisition, construction, reconstruction, completion, addition, betterment, improvement, extension, or repair of the regional transit terminal or any part...
  • Section 67551.
    The validity of the authorization and issuance of any bonds by the commission is not dependent on or affected in any way, except to the...
  • Section 67552.
    The commission shall issue bonds in its name. These bonds shall constitute obligations of the commission only, and neither the payment of the principal of...
  • Section 67553.
    The commission shall determine the time, form, and manner of the issuance of bonds. The bonds shall be payable only out of specified revenues as...
  • Section 67554.
    The commission may enter into indentures providing for the principal amount, date or dates, maturities, interest rate, denominations, form, registration, transfer, interchange, and other provisions...
  • Section 67555.
    An indenture may include such covenants and agreements on the part of the commission as the commission deems necessary or advisable for the issue, payment,...
  • Section 67556.
    An indenture may include a clause requiring the commission to pay, or cause to be paid, punctually the principal of all such bonds and the...
  • Section 67557.
    An indenture may include a clause requiring the department to continuously operate the regional transit terminal and other facilities in an efficient and economical manner.(Amended...
  • Section 67558.
    An indenture may include a clause requiring the department to make all necessary repairs, renewals, and replacements to the regional transit terminal and to keep...
  • Section 67559.
    An indenture may include a clause requiring the commission to preserve and protect the security of the bonds and the rights of the holders thereof...
  • Section 67560.
    An indenture may include a clause requiring the commission to pay and discharge, or cause to be paid and discharged, all lawful claims for labor,...
  • Section 67561.
    An indenture may include a clause which limits, restricts, or prohibits any right, power, or privilege of the commission to mortgage or otherwise encumber, sell,...
  • Section 67562.
    An indenture may include a clause requiring the commission to fix, prescribe, and collect rates, rents, fees, or other charges in connection with the regional...
  • Section 67563.
    An indenture may include a clause requiring the commission to hold in trust the proceeds of the bonds and the revenues pledged to the payment...
  • Section 67564.
    An indenture may include a clause limiting the power of the commission to apply the proceeds of the sale of any issue of bonds except...
  • Section 67565.
    An indenture may include a clause limiting the power of the commission to issue additional bonds except upon such terms and conditions as are set...
  • Section 67566.
    An indenture may include a clause requiring, specifying, or limiting the kind, amount, and character of insurance to be maintained by the department on the...
  • Section 67567.
    An indenture may include a clause providing the events of default and the terms and conditions upon which such default and its consequences may be...
  • Section 67568.
    An indenture may include a clause prescribing a procedure by which the terms and conditions of the indenture may be subsequently amended or modified with...
  • Section 67569.
    An indenture may include a clause providing for such other acts and matters as may be necessary or convenient or desirable in order to secure...
  • Section 67570.
    The commission may designate a bank or trust company, qualified to do business in this state, as a trustee for the commission and the holders...
  • Section 67571.
    The commission shall fix and determine, in an indenture, the conditions upon which any indenture trustee shall receive, hold, or disburse any or all revenues...
  • Section 67572.
    The commission may issue bonds in series and may divide any series into one or more divisions and fix different maturities or dates of such...
  • Section 67573.
    Bonds may be issued as coupon bonds or as registered bonds. The commission may provide for the interchange of coupon bonds for registered bonds and...
  • Section 67574.
    Bonds shall bear interest at a rate of not to exceed 7 percent per annum, payable annually or semiannually, or in part annually and in...
  • Section 67575.
    Bonds may be callable upon such terms and conditions and upon such notice as the commission may determine, and upon the payment of the premium...
  • Section 67576.
    The commission may provide for the payment of the principal and interest of bonds at any place or places within or without the State of...
  • Section 67577.
    The commission may provide for the execution and authentication of bonds by the manual, lithographed, or printed facsimile signature of officers of the commission, and...
  • Section 67578.
    Bonds shall bear dates prescribed by the commission. Bonds may be serial bonds or sinking fund bonds with such maturities as the commission may determine....
  • Section 67579.
    The commission may fix terms and conditions for the sale or other disposition of any authorized issue of bonds. The commission may sell bonds at...
  • Section 67580.
    The commission may provide, in the proceedings for the issuance of bonds, that the bonds and the interest thereon constitute such lien upon the revenues...
  • Section 67581.
    Interest on bonds may be paid out of the proceeds of the sale of the bonds during the period required for construction of the regional...
  • Section 67582.
    Pending the actual issuance or delivery of definitive bonds, the commission may issue temporary or interim bonds, certificates or receipts of any denominations whatsoever, and...
  • Section 67583.
    All bonds, and the interest thereon, are exempt from all taxation by the State of California or any public corporation other than gift, inheritance and...
  • Section 67584.
    The commission may provide for the issuance, sale, or exchange of refunding bonds for the purpose of redeeming or retiring any bonds issued by the...
  • Section 67585.
    Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all bonds to be refunded thereby, and in...
  • Section 67586.
    All bonds issued under the provisions of this chapter are negotiable instruments, except when registered in the name of a registered owner.(Added by Stats. 1974,...
  • Section 67587.
    The commission may apply to the State Treasurer under the Districts Securities Law (Division 10 (commencing with Section 20000) of the Water Code), as such...
  • Section 67588.
    Prior to the issuance of any bonds, the commission may commence in the Superior Court of the State of California, in and for the City...
  • Section 67589.
    No indenture need be recorded or filed in any public office, other than the office of the commission. The pledge of revenues provided in any...
  • Section 67590.
    Subject to any applicable provisions which may be contained in an indenture, the commission may invest any available funds in bonds issued by it and...
  • Section 67591.
    While any bonds issued by the commission remain outstanding and unpaid, the power of the department to establish, levy, and collect rents, fees, and other...

Last modified: October 22, 2018