California Streets and Highways Code CHAPTER 12 - Authority for Issuance and Sale of District Bonds

• Section 27220.
  Whenever the board deems it necessary for the district to incur a bonded indebtedness it shall, by resolution so declare. The resolution shall contain:(a) A statement...
• Section 27221.
  The board shall fix a date upon which a special election shall be held for the purpose of authorizing the bonded indebtedness to be incurred...
• Section 27222.
  The board shall give notice of the holding of the election.The notice shall:(a) Refer to the resolution adopted by the board calling the election.(b) Specify the precincts...
• Section 27223.
  The notice shall be published for two weeks in at least one newspaper and not more than three newspapers designated by the board, which are...
• Section 27224.
  All the expenses of holding the election shall be borne by the district.(Added by Stats. 1943, Ch. 286.)
• Section 27225.
  The returns of the election shall be made and the votes canvassed by the board within 30 days after the holding of the election, and...
• Section 27226.
  If more than two-thirds of the votes cast at the election are in favor of incurring the indebtedness, the board may by resolution at any...
• Section 27227.
  All bonds issued by the district shall be legal investments for savings banks, and shall have the same force and effect and shall be equivalent...
• Section 27229.
  Whenever the board deems it necessary or advisable to refund any outstanding bonds, it may, by resolution, declare such necessity or advisability and outline a...

Last modified: October 22, 2018