California Health and Safety Code 4992 – In the ordinance authorizing the issuance of the bonds, provision may …
In the ordinance authorizing the issuance of the bonds, provision may be made, but are not limited to provisions:
(a) That all or part of the bonds are callable, the manner of the call and the premiums to be paid thereon;
Terms Used In California Health and Safety Code 4992
- Bonds: as used in this chapter , means revenue bonds authorized by this chapter. See California Health and Safety Code 4956
- District: as used in this chapter , includes city, county, city and county, or any municipal or public corporation or district which is authorized to acquire, construct, own, or operate a sewer system. See California Health and Safety Code 4951
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
(b) That all or part of the bonds are payable at the office of a paying or fiscal agent, within or without the State, and for the payment of fees therefor;
(c) For the pledge of revenues, its nature, and its parity with other sewer revenue bonds issued or to be issued;
(d) For the percentage that annual net revenues shall bear to bond and interest payments;
(e) For reserve, surplus and other funds usual in the issuance of revenue bonds;
(f) For the duties and obligations of the district;
(g) For the remedies of bondholders, which may be in addition to those provided herein;
(h) For the manner of amending or abrogating the bond ordinance or refunding any or all bonds thereunder;
(i) For occurrences in the event of default and the rights and remedies arising therefrom; and
(j) For usual and customary covenants for the security and protection of the payment of the bonds.
(Added by Stats. 1957, Ch. 8.)