Section 50510.

50510. The notice shall contain the terms of the petition and an invitation for sealed bids for the leasing of the property. (Added by Stats. 1949, Ch. 81.)

Section 50511.

50511. The notice shall be published once a week for two successive weeks in a daily, semiweekly, or weekly newspaper published or circulated in the local agency or assessment district. (Added by Stats. 1949, Ch. 81.)

Section 50512.

50512. If the property is offered for lease at a monthly rental, all bids shall be accompanied by a bond in the amount fixed by the legislative body. (Amended by Stats. 1982, Ch. 517, Sec. 255.)

Section 50513.

50513. If the petition requires the making of improvements upon the property and the payment of rentals in products from the land, royalties, or commissions, the bidder shall furnish with the bid a bond in the amount fixed by the legislative body and conditioned for the faithful performance of the obligations assumed by the bidder. […]

Section 50514.

50514. The legislative body shall award the lease to the highest responsible bidder. (Added by Stats. 1949, Ch. 81.)

Section 50515.

50515. After the bid has been accepted by the legislative body, it shall enter into a lease with the highest bidder. The lease shall contain all the terms of the petition and provide for the payment of rentals, commissions, or royalties, in an amount equal to the amount in the accepted bid. (Added by Stats. […]

Section 50516.

50516. This article shall be liberally construed to effectuate its purposes. (Added by Stats. 1949, Ch. 81.)