California Streets and Highways Code ARTICLE 4 - Bonds

• Section 31140.
  Whenever the authority determines that it is for the best interests of the public highways in the state that the toll tunnel be constructed and...
• Section 31141.
  All bonds authorized pursuant to this chapter shall be issued in the name of the authority and shall constitute obligations of the authority only. Such...
• Section 31142.
  The authority shall determine the form, conditions, and denominations of all bonds, the dates which the bonds to be sold shall bear, and the interest...
• Section 31143.
  The authority may provide for the retirement of the bonds at any time or times prior to their maturity, in such manner and upon payment...
• Section 31144.
  All bonds shall be signed by the treasurer and countersigned by the chairman. The signatures of the treasurer and the chairman may be by facsimile,...
• Section 31145.
  All revenue bonds authorized pursuant to this chapter may be issued and sold by the authority from time to time and in such amounts as...
• Section 31146.
  Bonds authorized pursuant to this chapter may be sold below the par or face value thereof, but the sale price shall not be less than...
• Section 31147.
  Successive issues of bonds within the limits of the original authorization for the issuance of bonds for the acquisition or construction of the toll tunnel...
• Section 31148.
  All bonds issued and sold pursuant to this chapter shall be sold on sealed proposals to the highest and best bidder after such advertising for...
• Section 31149.
  Temporary or interim bonds, certificates, or receipts, signed by the treasurer, of any denomination whatever and with or without coupons attached thereto, may be issued...
• Section 31150.
  The purchase price of all bonds issued pursuant to this chapter shall be paid to the treasurer for the account of the authority.(Added by Stats....
• Section 31151.
  The authority may include in the proceedings authorizing the issuance of bonds any provisions not inconsistent with this chapter which limit, restrict, or regulate the...
• Section 31152.
  The authority may provide in the proceedings authorizing the issuance of bonds for the setting up of one or more reserve funds out of the...
• Section 31153.
  The authority may provide in the proceedings authorizing the issuance of bonds, or may otherwise agree with the purchasers of bonds, regarding the deposit of...
• Section 31154.
  The authority may provide in the proceedings authorizing the issuance of bonds for the carrying of insurance as authorized by this chapter, and the purchase...
• Section 31155.
  Whenever any bonds are to be issued pursuant to this chapter, the authority, from time to time, upon such terms and conditions in all respects...
• Section 31156.
  All benefits conferred or obligations imposed by this chapter or by any other law with respect to making provision for the payment, whether from tolls...
• Section 31157.
  The authority may contract loans and borrow money through the sale of bonds of the same character as those authorized pursuant to this chapter, from...
• Section 31158.
  If a bond issue for the acquisition or construction of the toll tunnel is authorized and sold in whole or in part and the authority...
• Section 31159.
  If the outstanding bonds issued for the acquisition or construction of the toll tunnel as originally designed are, at the time of issuance of the...
• Section 31160.
  Out of the proceeds derived from the sale of any such additional bonds there shall be set aside an amount of money sufficient to retire...
• Section 31161.
  All provisions of this chapter apply with like force and effect to the issuance of any bonds of the new authorized issue, and the holders...
• Section 31162.
  Whenever bonds of any kind have been issued and are outstanding pursuant to this chapter, the authority may from time to time or at one...
• Section 31163.
  Funding or refunding bonds shall not constitute a debt or obligation of the state or of El Dorado County, but shall be bonds of the...
• Section 31164.
  Except as otherwise provided in this article, and except as modified by the express terms of the funding or refunding bonds or the proceedings authorizing...
• Section 31165.
  Any funding or refunding bonds may be issued in a principal amount sufficient to provide funds for:(a) The payment of the bonds to be funded or...
• Section 31166.
  All bonds issued pursuant to this chapter are negotiable instruments under the law merchant.(Added by Stats. 1968, Ch. 923.)
• Section 31167.
  All bonds issued pursuant to this chapter and the income therefrom are at all times exempt from taxation, except for transfer, inheritance, and estate taxes.(Added...
• Section 31168.
  Bonds issued pursuant to this chapter shall not constitute or be a debt, liability, or obligation of the state or El Dorado County. The payment...
• Section 31169.
  The bond redemption and interest payments constitute a first direct and exclusive charge and lien on all tolls and other revenues, and interest thereon, and...
• Section 31170.
  While any bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority shall not be diminished or impaired in any...
• Section 31171.
  The holder of any bond may by mandamus or other appropriate proceeding compel the performance of any of the duties imposed upon the authority or...
• Section 31172.
  The Commissioner of Financial Institutions may investigate and ascertain the status or sufficiency as investments for savings banks in this state of any such bonds....
• Section 31173.
  All bonds issued by the authority pursuant to this chapter, and which have been first certified by the Commissioner of Financial Institutions, are legal investments...
• Section 31174.
  Any money or funds which may by law be invested in bonds of the state, cities, counties, or school districts in the state may be...
• Section 31175.
  Whenever any bonds of the state, or of any city, county, or school district in the state, may by law be used as security for...

Last modified: October 22, 2018