California Streets and Highways Code 8252 – If at the time of the election to dissolve the district there is …
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If at the time of the election to dissolve the district there is outstanding any bonded indebtedness of the district, the vote to dissolve shall dissolve the district for all purposes except the levy and collection of taxes for the payment of that outstanding indebtedness. From the time of dissolution until the bonded indebtedness, together with interest thereon, is fully paid, the board shall constitute ex officio the commission and shall levy such taxes and perform such other acts as may be necessary to raise the money for the payment of the outstanding indebtedness of the district.
(Added by Stats. 1949, Ch. 1147.)
Terms Used In California Streets and Highways Code 8252
- Board: means board of supervisors of the county in which the district or proposed district is situated. See California Streets and Highways Code 8101
- Commission: means the commission provided in Chapter 3 of this part. See California Streets and Highways Code 8101
- District: means separation of grade district. See California Streets and Highways Code 8101
- Ex officio: Literally, by virtue of one's office.