California Water Code ARTICLE 1 - Issuance and Terms

  • Section 71950.
    If from the bond election returns it appears that more than two-thirds of the votes cast in such election were in favor of and assented...
  • Section 71951.
    The full amount of the authorized bonds may be divided into two or more series and different dates fixed for the bonds of each series....
  • Section 71952.
    The board shall, by resolution, prescribe the form of the bonds and of the coupons attached thereto and fix the time when the whole or...
  • Section 71953.
    The bonds shall bear interest at a rate or rates not to exceed 8 percent per year, payable semiannually, except that interest for the first...
  • Section 71954.
    The board may provide for the call and redemption of bonds prior to maturity at such times and prices and upon such other terms as...
  • Section 71955.
    The denomination of the bonds shall be stated in the resolution providing for their issuance but shall not be less than one hundred dollars ($100).(Added...
  • Section 71956.
    The principal and interest on the bonds shall be payable in lawful money of the United States at the office of the treasurer of the...
  • Section 71957.
    The bonds shall be dated, numbered consecutively, signed by the president and treasurer of the district, countersigned by the secretary, and the official seal of...
  • Section 71958.
    If the bond election proceedings have been limited to and have applied only to an improvement district, the bonds are bonds of the district, shall...
  • Section 71959.
    Any bonds issued by a district have the same force, value, and use as bonds issued by a city and are exempt from all taxation...
  • Section 71960.
    The board may, without a vote of the electors, provide for the issuance of, and issue, general obligation bonds of the district or for an...

Last modified: October 22, 2018