California Public Utilities Code ARTICLE 6 - Indebtedness

• Section 25841.
  A district may borrow money and incur indebtedness, and may issue bonds or other evidences of indebtedness. No indebtedness shall be incurred exceeding the ordinary...
• Section 25841.5.
  A district may borrow money for the purpose of defraying the expenses of a district lawfully incurred after the commencement of the fiscal year, but...
• Section 25842.
  No district shall incur an indebtedness for public works which in the aggregate exceeds 20 percent of the assessed value of all the real and...
• Section 25843.
  Indebtedness which has been incurred for the acquisition, construction, and operation of transit facilities, where the revenue from the transit facilities for three years or...
• Section 25844.
  A district may accept, without limitation by any other provisions of this division requiring approval of indebtedness, contributions or loans from the United States, this...
• Section 25845.
  The district may purchase equipment such as cars, trolley buses and motorbuses, and rolling equipment, and may execute agreements, leases and equipment trust certificates in...
• Section 25846.
  The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or...
• Section 25847.
  The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for...
• Section 25848.
  The covenants, conditions and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust agreement...
• Section 25849.
  An executed copy of each agreement or lease shall be filed in the Office of the Secretary of State, who will be entitled to receive...

Last modified: October 22, 2018