California Streets and Highways Code CHAPTER 11 - Issuance of Refunding Bonds

  • Section 9400.
    The legislative body shall provide for the issuance of the refunding bonds.(Added by Stats. 1951, Ch. 463.)
  • Section 9401.
    In no event shall refunding bonds be issued for more than the par value of the outstanding bonds and the due and unpaid interest coupons...
  • Section 9402.
    The refunding bonds shall represent and be secured by said reassessments and any later reassessments which may be levied or issued upon the same property...
  • Section 9403.
    Refunding bonds issued pursuant to this division shall comply with the following requirements:(a) Bonds shall be in such denominations as the legislative body may determine.(b) Bonds shall...
  • Section 9404.
    All of the refunding bonds shall mature on July 2d.(Added by Stats. 1951, Ch. 463.)
  • Section 9405.
    In no event shall the first maturity of any refunding bonds be earlier than the second day of July next succeeding 10 months after the...
  • Section 9406.
    The last maturity of any refunding bonds shall not exceed 19 years from the second day of July next succeeding 10 months after the date...
  • Section 9407.
    The rate of interest on refunding bonds shall not exceed the rate of interest on the outstanding bonds.(Added by Stats. 1951, Ch. 463.)
  • Section 9408.
    The interest on refunding bonds shall be payable on January 2d and July 2d, respectively, of each year.(Added by Stats. 1951, Ch. 463.)
  • Section 9409.
    The first interest payment on such bonds shall in every case be January 2d next preceding the second day of July next succeeding 10 months...
  • Section 9410.
    Refunding bonds and the interest thereon shall be paid at the office of the treasurer.(Added by Stats. 1951, Ch. 463.)
  • Section 9411.
    Refunding bonds may be issued in substantially the following form: United States of AmericaState of CaliforniaNo. City of $Refunding Improvement BondUnder and by virtue of...
  • Section 9412.
    Each bond shall be conclusive evidence of the regularity of all proceedings for the issuance of refunding bonds and of the validity of said bonds...
  • Section 9413.
    The refunding bonds shall be delivered to the holders of the outstanding bonds in accordance with the contract with such bondholders.(Added by Stats. 1951, Ch.
  • Section 9414.
    When the refunding bonds have been exchanged for the outstanding bonds, the outstanding bonds, except as to any sum payable from assessments which property owners...
  • Section 9415.
    If the city has appropriated money to assist in the refunding, such money shall be paid to the holders of outstanding bonds in accordance with...
  • Section 9416.
    The validity of any refunding bonds issued under this division shall not be contested in any action, suit or proceeding unless such action or proceeding...
  • Section 9417.
    The treasurer shall keep a register in his office which shall show the series, number, date, amount, rate of interest, and last known holder of...

Last modified: October 22, 2018