California Harbors and Navigation Code ARTICLE 2.5 - Additional Stockton Port District Bonds

• Section 6350.
  Pursuant to this article, the Stockton Port District may also create an additional bonded debt up to but not in excess of 3 percent of...
• Section 6350.1.
  This bonded indebtedness may be created solely for the purpose of providing funds for the acquisition or construction of revenue-producing harbor improvements of a self-liquidating...
• Section 6350.2.
  All bonds issued pursuant to this article shall be authorized by ordinance passed by two-thirds of all of the members of the board concurred in...
• Section 6350.3.
  The bonds shall be payable within 30 years from their date and shall mature serially at such times as may be fixed by the board,...
• Section 6350.4.
  The bonds may be issued in such denominations as the board determines, except that no bond shall be of a denomination less than one hundred...
• Section 6350.5.
  If any officer whose signature or countersignature appears on the bonds or coupons ceases to be an officer before the delivery of the bonds to...
• Section 6350.6.
  The form of the bonds shall be prescribed by the board and they shall be signed by the officer or officers that the board designates....
• Section 6350.7.
  The income and revenue derived or to be realized from the harbor improvement acquired or to be acquired from the proceeds of the bonds shall...
• Section 6350.8.
  The special fund shall be applied, secondly, to the creation of a sinking fund, herein designated as “sinking fund,” to provide for the payment of...
• Section 6350.9.
  Any additional revenues over and above the amounts required to be deposited in the interest fund and the sinking fund, may be deposited in an...
• Section 6351.
  Surplus revenues in the operation fund may be deposited either in the interest fund or the sinking fund, but money allocated to the interest fund...
• Section 6351.5.
  The board, in and by the ordinance authorizing the issuance of the bonds, shall hypothecate and allocate all of the revenues to be realized from...
• Section 6352.
  Whenever the revenues of the district are, or in the opinion of the board will be insufficient to provide for the payment in full of...
• Section 6353.
  The Legislature hereby finds and declares that because of the unique, complex problems existing with respect to the Stockton Port District, as a large inland...

Last modified: October 22, 2018