SECTIONS 31000-31005 - California Statutes

PUBLIC UTILITIES CODE

SECTION 31000-31005

31000. On the date (which is hereinafter referred to as "merger
date") of the second regular meeting of the board held pursuant to
Section 30251 that follows the meeting referred to in Section 30227
the Los Angeles Metropolitan Transit Authority (herein sometimes
referred to as "authority") shall be merged into the district. Such
merger shall be effective upon the recording with the Recorder of the
County of Los Angeles of the certificate provided for in Section
31001.
Upon such merger the separate existence of the authority ceases,
and the district shall succeed, ipso facto and by operation of law
and without other transfer, to all the rights and property of the
authority, and shall be subject to all the legally enforceable debts
and liabilities of the authority, in the same manner as if the
district had itself incurred them.
All rights of creditors and all liens upon the property of the
authority shall be preserved unimpaired, limited in lien to the
property affected by such liens immediately prior to the time of the
merger.
Any action or proceeding pending by or against the authority may
be prosecuted to judgment, which shall bind the district, or the
district may be proceeded against or substituted in its place.
For the protection of the holders of the outstanding, unmatured
bonds and other evidences of indebtedness of the authority the
district shall have power to take all actions and do all things
necessary or required for the protection of such holders and for
compliance with the terms of such bonds and other evidences of
indebtedness; and the district shall have power to continue all
services which the authority is furnishing on the merger date whether
such buslines and services are partly or wholly within or without
the district, or within or without the County of Los Angeles.

31001. Upon the merger date, the secretary of the district shall
record in the office of the Recorder of the County of Los Angeles a
certificate setting forth the date upon which the Southern California
Rapid Transit Law became effective and stating that the district was
created by such law and that by virtue of Section 31000 thereof the
district succeeded on the merger date, without other transfer, to all
the rights and property of the authority subject to all the legally
enforceable debts and liabilities of the authority.

31002. A copy of the certificate provided for in Section 31001
certified by the Recorder of the County of Los Angeles is, except as
against the State, conclusive evidence of the transfer to the
district of all the rights and property of the authority subject to
all the legally enforceable debts and liabilities of the authority,
all as provided in Section 31000 of this part.

31003. On said merger date, all employees of the authority shall
become employees of the district with all the same rights, privileges
and compensation they had as employees of the authority.

31004. It is the intent of this part that the board of directors of
the district shall have a free choice as to officers of the district
mentioned in Section 30300 who are not members of the board of
directors. At the merger date such officers shall be appointed on a
permanent or pro tem basis, in the discretion of the board. Prior to
that time, however, the following shall serve as ex officio officers
of the district:
Secretary--the Clerk of the Board of Supervisors of the County of
Los Angeles.
General Manager--the Chief Administrative Officer of the County of
Los Angeles.
General Counsel--the County Counsel of the County of Los Angeles.
Treasurer--the Treasurer of the County of Los Angeles.
Auditor--the Auditor of the County of Los Angeles.
The Board of Supervisors of the County of Los Angeles is
authorized and directed to make available to the district its hearing
room and other space, personnel and facilities so that the district
can be organized and the transfer of operations be completed in an
orderly businesslike manner.

31005. Whenever the board deems it necessary, it may issue bonds to
refund all outstanding, unmatured bonds of the authority which are
subject to call and redemption prior to maturity. The amount of such
bonds shall include the principal and, if necessary, the interest of
the bonds to be refunded, the premiums payable upon call and
redemption thereof and all expenses of the trustee for the refunding,
the calling of said bonds for redemption and any other incidental
expenses. The refunding bonds shall be authorized and issued in the
manner provided for herein as a separate issue or as a part of
another issue for any purpose authorized in this part.