Section 50668.4.
50668.4. All pledged revenue shall be deposited in the special fund and payments shall be made therefrom in the order specified in subdivisions (a) to (c), inclusive, of Section 50665.7. (Amended by Stats. 1985, Ch. 1199, Sec. 1.)
Section 50668.5.
50668.5. The local agency shall preserve and protect the security of the bonds and the rights of the bondholders and shall warrant and defend the rights of the bondholders against all claims and demands of all persons. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.9.
50665.9. A proposition to be submitted to the voters of a local agency for approval of the issuance of limited obligation bonds shall state that the bonds are limited obligation bonds to be paid solely from pledged revenue, and shall specify the source and amount of the pledged revenue. (Added by Stats. 1985, Ch. 320, […]
Section 50667.
50667. Every bond shall recite in substance that the principal of, and interest on, the bond are payable solely from the revenues pledged to the payment of the principal and interest and that the local agency is not obligated to pay the principal or interest except from the pledged revenues. (Added by Stats. 1985, Ch. […]
Section 50665.10.
50665.10. Except as otherwise provided in the initiating resolution, any election required under this article shall be conducted as other elections of the local agency. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.11.
50665.11. When two or more propositions for incurring indebtedness are submitted at the same election, the votes cast for and against each proposition shall be counted separately. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.12.
50665.12. If two-thirds of the voters voting on a proposition initiated pursuant to this article vote for it, the legislative body may, by majority vote, adopt a resolution approving the issuance, sale, and delivery of the bonds. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.13.
50665.13. The bonds shall bear interest at a rate or rates not exceeding the maximum rate authorized by Section 53531, may be payable at the time or times, may be in one or more series, may bear a date or dates, may mature at a time or times not exceeding 31 years from their respective […]
Section 50665.14.
50665.14. The bonds are special obligations of the local agency and shall be a charge against and are secured by a lien upon and shall be payable, as to the principal thereof and interest thereon, and any premiums upon the redemption thereof, from the revenues and such funds as are described in the resolution authorizing […]
Section 50666.
50666. By resolution, the legislative body may pledge, place a charge upon, and assign all or any part of the revenues for the security of the bonds. (Added by Stats. 1985, Ch. 320, Sec. 2.)