SECTIONS 43450-43455 - California Statutes

GOVERNMENT CODE

SECTION 43450-43455

43450. Pursuant to this article, any city whose corporate limits
include or front upon any harbor, bay or estuary, or other navigable
water, whether the tidelands or waterfront is owned or controlled by
it or by the State, either in whole or in part, may incur an
indebtedness for:
(a) The improvement, repair, and maintenance of its harbor.
(b) The erection of wharves, piers, seawall, state or municipal
railroad and spurs along the harbor.
(c) Betterments, appurtenances, and dredging and filling necessary
in connection with the harbor.

43451. The city may create one or more funds for the payment of
such indebtedness. Whether the funds are under the management and
control of a state board of harbor commissioners or the management
and control of the city, or any of its officers, boards or
departments, pursuant to statute or charter of the city, the city may
provide money for such funds by either or both of the following
methods:
(a) The levy and collection of taxes.
(b) The issuance and sale of bonds.

43452. The city may also issue and sell its bonds to provide a fund
for the redemption, cancellation, and retirement of state bonds
issued and sold to provide a fund for any improvement or construction
in its harbor.

43453. All provisions of law, or of the charter of the city,
relative to the issuance and sale of other city bonds and the mode
and manner of calling, holding, and canvassing an election
authorizing the issuance and sale of such bonds, apply equally to the
issue and sale of the bonds authorized by this article and to the
mode and manner of calling, holding, and canvassing an election with
reference to such bonds.

43454. Where by law or charter of the city the management, control,
and improvement of the harbor or tidelands is vested in whole or in
part in a state board of harbor commissioners, the city may turn over
to the State Board of Harbor Commissioners any funds which it
provides. Such funds shall be used, managed, and controlled by the
State Board of Harbor Commissioners for such work of improvement,
repair, maintenance, and construction as the city lawfully
designates.

43455. When any city provides any fund for the redemption,
cancellation, or retirement of any state bonds pursuant to this
article, the city through its appropriate officers may transfer the
money in the fund to the State Treasurer. Upon its receipt the State
Treasurer shall place the money in the appropriate sinking fund and
apply it to the redemption, cancellation, and retirement of such
state bonds.