SECTIONS 74770-74772 - California Statutes

WATER CODE

SECTION 74770-74772

74770. The board has no power, except as provided in this division
as to certificates of indebtedness, notes, special assessments, and
the issuance of bonds by the district, to incur any debt or liability
whatever in excess of the express provisions of this division. Any
debt or liability incurred in excess of such express provisions,
except as to certificates of indebtedness, notes, special
assessments, and the issuance of bonds, is absolutely void.

74771. For the purposes of organization, or for any of any purpose
for which the board is authorized to expend the collection of the
first assessment, an indebtedness not exceeding in the aggregate an
amount equivalent of twenty-five cents ($.25) for each acre of land
in the district, and it may cause warrants of the district to issue
therefor bearing interest at 7 percent per year from date of issue
until the treasurer has funds available for the payment thereof.

74772. The expenses of organization, including the fees of
attorneys and others employed to conduct the organization
proceedings, are a charge upon the district, and are payable by the
district.