Section 55821.
55821. If any provision of this chapter or the application thereof to any person or circumstance is held invalid, that invalidity shall not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable. (Added by […]
Section 55805.
55805. (a) A resolution providing for the issuance of bonds pursuant to this chapter shall state all of the following: (1) The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to, or connected with, the accomplishment of those purposes, including without limitation, engineering, inspection, legal, fiscal […]
Section 55806.
55806. The authority may provide for the limited tax bonds to bear a variable or fixed interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which the interest shall be payable. (Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.)
Section 55807.
55807. (a) In the resolution authorizing the issuance of the bonds, the authority may also provide for the call and redemption of the bonds prior to maturity at the times and prices and upon other terms as specified. (b) Notwithstanding the provisions of subdivision (a), no bond is subject to call or redemption prior to maturity, unless […]
Section 55808.
55808. The principal of, and interest on, the bonds, shall be payable in lawful money of the United States at the office of the treasurer or auditor-controller of the authority, or at other places as may be designated, or at both the office and other places at the option of the holders of the bonds. […]
Section 55809.
55809. (a) The bonds, or each series thereof, shall be signed by the chairperson or vice chairperson of the governing board of the authority or the treasurer or auditor-controller of the authority, and the official seal, if any, of the authority shall be attached. (b) The interest coupons, if any, of the bonds shall be signed by […]
Section 55810.
55810. The bonds may be sold as the authority determines by resolution, and the bonds may be sold at a price above or below par, whether by negotiated or public sale. (Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.)
Section 55811.
55811. Delivery of any bonds issued pursuant to this chapter may be made at any place either inside or outside the state, and the purchase price may be received in cash or bank credits. (Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.)
Section 55812.
55812. All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of the principal of, and interest on, the bonds, and the remainder of the proceeds of the bonds shall be placed in the treasury of the authority or deposited with […]
Section 55813.
55813. (a) The authority may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the authority upon the terms, at the times and in the manner which it determines. (b) The proceeds of any bonds issued for the purpose of refunding outstanding bonds may, in the discretion of […]