California Harbors and Navigation Code ARTICLE 4 - General Obligation Bonds

• Section 7210.
  Whenever the board deems if necessary for the district to incur a general obligation bonded indebtedness for (a) the acquisition, construction, completion or repair of...
• Section 7211.
  The resolution shall state:(a) The purpose for which the proposed debt is to be incurred, which may include expenses of all proceedings for the authorization, issuance...
• Section 7212.
  Notice of the holding of the election shall be given by publishing the resolution calling the election pursuant to Section 6066 of the Government Code...
• Section 7213.
  The returns of the election shall be made, the votes canvassed at least seven days following the election, and the results thereof ascertained and declared...
• Section 7214.
  No irregularities or informalities in conducting the election shall invalidate the same, if the election shall have been otherwise fairly conducted.(Added by Stats. 1959, Ch.
• Section 7215.
  Any action or proceeding wherein the validity of the election or of the proceedings in relation thereto is contested, questioned or denied, shall be commenced...
• Section 7216.
  If from the election returns it appears that more than two-thirds of the votes cast upon the measure were in favor of and assented to...
• Section 7217.
  The full amount of bonds may be divided into two or more series and different dates fixed for the bonds of each series. The maximum...
• Section 7218.
  The board shall, by resolution, prescribe the form of the bonds and the form of the coupons attached thereto and fix the time when the...
• Section 7219.
  The bonds shall bear interest at a rate or rates not to exceed 6 percent per annum payable semiannually, except that interest for the first...
• Section 7220.
  The board may also provide for the call and redemption of bonds prior to maturity at the time and prices and upon such other terms...
• Section 7221.
  The denomination of the bonds shall be stated in the resolution providing for their issuance, but shall not be less than one hundred dollars ($100).(Added...
• Section 7222.
  The principal and interest shall be payable in lawful money of the United States at the office of the treasurer of the district or at...
• Section 7223.
  The bonds shall be dated, numbered consecutively, and be signed by the president of the board and the treasurer of the district and countersigned by...
• Section 7224.
  Before selling the bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as it may prescribe. If satisfactory...
• Section 7225.
  The proceeds from the sale of the bonds shall be paid into the treasury of the district and placed to the credit of a special...
• Section 7226.
  Any action or proceeding, wherein the validity of any such bonds or of proceedings in relation thereto is contested, questioned or denied, shall be commenced...
• Section 7227.
  Any general obligation bonds issued by a district shall have the same force, value and use as bonds issued by any city and shall be...

Last modified: October 22, 2018