California Streets and Highways Code CHAPTER 16 - General Bond Provisions

• Section 25370.
  The provisions of this chapter shall apply to all bonds issued under the authority of this part.(Added by Stats. 1943, Ch. 284.)
• Section 25371.
  All bonds issued by joint highway districts shall be legal investments for the funds of:(a) Trusts.(b) Insurance companies.(c) Banks, both commercial and savings.(d) Trust companies.(e) State schools.(f) Any other body whose...
• Section 25372.
  Whenever bonds of cities, counties, school districts or irrigation districts may be used as security for the performance of any act or the deposit of...
• Section 25373.
  The State Director of Finance may purchase any bonds issued by joint highway districts and pay for them out of any surplus money in the...
• Section 25374.
  If the report of the board of directors shows that the proposed project or any unit thereof, is estimated to cost more than one million...
• Section 25375.
  The issuance of any bonds by the district shall be conclusive evidence of the regularity, validity and legal sufficiency of all proceedings, acts and determinations...
• Section 25376.
  No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent...
• Section 25377.
  The taxable property within any county shall not at any time be obligated for all joint highway district purposes, in any amount in excess of...

Last modified: October 22, 2018