SECTIONS 101300-101304 - California Statutes

PUBLIC UTILITIES CODE

SECTION 101300-101304

101300. If the board has appointed a treasurer of the district
pursuant to Section 101166, then the word "treasurer" as used in this
chapter shall refer to such treasurer of the district so appointed.
If the board has not so appointed a treasurer of the district, then
the word "treasurer" as used in this chapter shall refer to the
county treasurer.

101301. Bonds authorized by this chapter shall mature serially in
amounts to be fixed by the board, except that payment shall begin not
later than 10 years from the date thereof and shall be completed in
not more than 50 years from that date.
The board may divide any issue of bonds authorized pursuant to
this chapter into two or more series, and may fix different dates of
issuance and different maturity dates for the bonds of each series.
The bonds of each series shall mature serially in amounts to be fixed
by the board, and the board shall fix a date not more than 10 years
from the date of issuance of each series for the earliest maturity of
such series, and shall fix a date not more than 50 years from the
date of issuance of each series for the final maturity of such
series.
Pending the actual issuance or delivery of bonds, a district may
issue temporary or interim bonds, certificates, or receipts, of any
denomination whatsoever, with or without coupon, and in such form as
may be prescribed by the board, to be exchanged for definite bonds
when ready for delivery.

101302. The bonds shall be issued in such denominations as the
board shall determine and shall be payable on the day and at the
place or places fixed in the bonds, and with interest at the rate
specified therein, payable semiannually or annually the first year
and semiannually thereafter.

101303. The board may, at any time prior to the issuance and sale
of any bonds, provide for the call and redemption of any or all of
the bonds on any interest payment date prior to their fixed maturity
at not exceeding the par value and accrued interest plus a premium of
not exceeding 5 percent upon the principal amount of the bonds, in
which event the call price fixed by the board shall be set forth on
the face of the bond. Notice of such redemption shall be published
pursuant to Section 6066 of the Government Code. The first
publication shall be not more than 60 and not less than 30 days prior
to the date fixed for redemption. After the date fixed for such
redemption, interest on the bonds thereafter shall cease.

101304. The bonds shall be signed by the president of the board or
by such officer of the district as the board shall by resolution
authorize and designate for that purpose. They shall also be signed
by the treasurer, and be countersigned by the secretary. The coupons
of the bonds shall be numbered consecutively and be signed by the
treasurer. All signatures and countersignatures, except one of the
signatures or countersignatures on the bonds, may be printed,
lithographed, or engraved. If any officer whose signature or
countersignature appears on the bonds or coupons ceases to be such
officer before the delivery of the bonds to the purchaser, the
signature or countersignature is nevertheless valid and sufficient
for all purposes as if he had remained in office until the delivery
of the bonds.