California Water Code ARTICLE 4 - Action to Secure Payment of Revenue Bonds

• Section 36360.
  Bondholders owning or holding 25 percent or more of any outstanding and unpaid issue of revenue bonds may, when payments of principal or interest, or...
• Section 36361.
  The complaint shall:(a) Name the district as a defendant.(b) State that on the date therein named bond principal payments, interest thereon, or both, were in default for...
• Section 36362.
  The summons in the proceeding shall be served by publishing a copy thereof once a week for four weeks in a newspaper of general circulation...
• Section 36363.
  Within 30 days after publication of the summons has been completed and proof filed with the court any person may appear and answer the complaint.(Added...
• Section 36364.
  On the expiration of 60 days after the publication of summons has been completed and proof filed with the court, after proof to the court...
• Section 36365.
  The jurisdiction of the court over the affairs of the district shall continue until the default for which the receiver was appointed has been discharged.(Added...
• Section 36366.
  A receiver has no power to dispose of any part of the property of the district except in the ordinary course of business. The authority...
• Section 36367.
  No court has jurisdiction to enter any order or decree requiring or permitting a receiver to sell, assign, mortgage, or otherwise dispose of or encumber...
• Section 36368.
  Whenever all that is due upon all obligations and interest thereon which are a charge, lien, or encumbrance on the revenues of the district has...

Last modified: October 22, 2018