SECTIONS 75090 - California Statutes

WATER CODE

SECTION 75090

75090. The bonded indebtedness of an improvement district formed
pursuant to this chapter may be made payable from assessments to be
levied upon all real property in the improvement district by
proceedings taken in the manner provided in this article and shall be
so payable if the proceedings for the formation of the district so
require.
In either case, the petition for the formation of the improvement
district, the notice of hearing, the resolution calling the bond
election, and the notice of the bond election shall contain a
statement that any bonds authorized to be issued by the improvement
district shall be payable, both principal and interest, from
assessments to be levied upon all real property in the improvement
district as finally formed.
If the bonds then receive the vote required under Section 75065,
all the bonds shall be payable solely from assessments levied upon
all real property in the improvement district, and all such real
property therein shall be liable to be taxed for the purpose of
paying principal and interest of such bonds.