California Streets and Highways Code 30501 – Any city, county, district, or political subdivision of the State may …
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Any city, county, district, or political subdivision of the State may issue general obligation bonds for any of the purposes enumerated in this article. All proceedings for the authorization, issue, and sale of such bonds shall be had under the law governing the issue and sale of bonds for public improvements by the particular political subdivision or public corporation.
(Added by Stats. 1947, Ch. 176.)
Terms Used In California Streets and Highways Code 30501
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: includes "city and county. See California Streets and Highways Code 14
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.