SECTIONS 51420-51425 - California Statutes

WATER CODE

SECTION 51420-51425

51420. At least 90 days before the interest date of bonds or
refunding bonds, the county treasurer shall estimate the amount
necessary to pay interest and principal maturing on the interest
date, crediting thereon the funds in the treasury applicable to the
payment thereof, and excluding therefrom any funds deposited pursuant
to Chapter 5, Article 4 of this part, or derived from the sale of
lands by the county treasurer as trustee of the district under the
provisions of Articles 1 and 2 of Chapter 5 of this part. The
estimate shall include expenses of the county treasurer plus 15
percent of the aggregate sum to cover possible delinquencies.

51421. The county treasurer shall thereupon cause to be published
once a week for two weeks in a newspaper of general circulation
published in each county in which any of the district is situated a
notice substantially in the following form:

(Name of reclamation district).
Notice is hereby given that an installment of assessment
(describing it) of _____ dollars ($____), being ___ percent is
payable within 30 days from (date) by all assessed landowners of said
district in the County of (name of county) to the treasurer of said
county. All or any part of said installment which shall remain unpaid
on the day (day fixed) will be delinquent, together with 10 percent
of such installment added as penalty.

Dated
(date).
(Signed)
__________________________________
Treasurer of ______ County

51422. If no newspaper is published in any county in which the
district is situated, the publication shall be made in a newspaper
published in an adjoining county.

51423. The county treasurer shall credit to the bond fund of the
district all money collected by him, by sale or otherwise, upon
assessments against which bonds have been issued, including interest
and penalties, and the amounts of purchase money paid in bonds or
coupons on sales made for such assessments.

51424. No action contesting the validity of any call of an
installment of an assessment pursuant to this article may be
commenced, unless commenced within six months from the due date of
the call.

51425. No action to contest the validity of any credit on, or
payment of, any portion of an assessment called pursuant to this
article may be commenced unless commenced within six months from the
date of such credit or payment.