California Streets and Highways Code 9353 – The complaint may be brief and include substantially only the …
The complaint may be brief and include substantially only the following allegations with reference to the reassessments sought to be collected:
(a) That on a date stated the legislative body passed its resolution or ordinance determining to refund certain bonds which had been issued for certain improvement work (the improvement work need not be described).
Terms Used In California Streets and Highways Code 9353
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
(b) That a reassessment for the purpose of refunding the bonds was duly given and made.
(c) That the reassessment was recorded on a stated date.
(d) That certain property (describing it) was therein reassessed a stated amount.
(e) That bonds upon the security of such reassessment were duly issued, giving the date of the bonds, the interest rate, and the number of years the last installment thereof was to run, and that the bonds were duly issued, but it shall be unnecessary to state the amount, number, denomination, or other term thereof.
(f) That on a date stated a certain sum came due on the property on the reassessment and had not been paid and that the legislative body had directed the action to foreclose.
(Added by Stats. 1951, Ch. 463.)