When bonds are to be issued in any proceeding had and taken in connection with any public improvement, and/or acquisition, and/or immediate possession, and/or street closing, pursuant to this title, the same shall be issued, paid and collected in accordance with this chapter.
(Prior code App. A, § 300)
The resolution of intention to undertake a proceeding pursuant to this title shall state the plan pursuant to which bonds are proposed to be issued and the maximum term that any of said bonds may run, and no further statement need be made.
(Prior code App. A, § 301)
The bonds shall bear interest at the rate or rates stated in the accepted bid for their purchase, represented by coupons unless registered, payable semiannually on the second day of January and July of each year to their maturity, except the first which may be different.
(Prior code App. A, § 301a)
Whenever any bonds are issued pursuant to any one of the plans provided in this chapter, such bonds shall be substantially in the form provided in the particular plan specified, with such appropriate changes in the wording of such bonds as to show that they had been issued pursuant to such plan of this chapter.
(Prior code App. A, § 302)
Notwithstanding any provision of this title or law, bonds, notes or other evidences of indebtedness of the City shall be executed in such manner and by such persons as the Council shall prescribe. The signatures on interest coupons and the seal and signatures on bonds excepting one, may be in facsimile engraved, lithographed, printed or otherwise impressed thereon.
(Prior code App. A, § 303)
Notwithstanding any other provision of this title or law, bonds, notes or other evidences of indebtedness may be sold at private or public sale, with or without notice, at, above or below par, as the Council determines.
(Prior code App. A, §304)
If any bonds be sold for an amount in excess of par, such excess shall be paid into the fund for the improvement, unless the Council otherwise determines.
(Prior code App. A, § 305)
In the event of a surplus remaining in the redemption fund after payment of the entire principal and interest on all bonds issued under any plan mentioned in this chapter, for retirement of which such fund shall have been established, such surplus shall, subject to any other special provision herein therefor, be applied first to repayment to the City of any balance due it for contributions and advances which it may have made to the redemption fund, and of any special taxes which it may have levied in aid thereof other than any regular taxes levied to retire any such bonds, and of any moneys due it for costs incurred or charges allowed, together with interest on such sums at the rate mentioned in such bonds. The excess, if any, shall be paid into the general fund of the City.
(Prior code App. A, § 306)
Bonds may be registered against theft as provided in Chapter 1 (commencing with Section 50,000), Division 6, Part 7, Title 1, or Article 7 (commencing with Section 43,880), Chapter 4, Division 4, Part 3, Title 4 of the Government Code, or as otherwise provided in the resolution authorizing their issuance.
(Prior code App. A, § 307)
Delinquent bonds may be registered as provided in Article 2 (commencing with Section 50630), Chapter 3, Part 1, Division 4, Title 4 of the Government Code, or as provided in the resolution authorizing their issuance.
(Prior code App. A, § 308)
Bonds which have been mutilated or defaced or which have been lost or destroyed may be replaced as provided, respectively, in Article 2 (commencing with Section 53430) or Article 3 (commencing with Section 53460), Chapter 3, Part 1, Division 2, Title 4 of the Government Code, or as provided in the resolution authorizing their issuance.
(Prior code App. A, § 309)
Bonds and coupons which have been paid may be destroyed in the manner provided in Article 11 (commencing with Section 53920), Chapter 4, Part 1, Division 2, Title 4 of the Government Code, or as otherwise ordered by resolution or ordinance of the Council.
(Prior code App. A, § 310)
Payment of all, or any portion, of any assessment taxes levied to pay the principal or interest due, or to become due, on the bonds of any district formed under this title may be made with matured bonds or matured coupons of such district. Such bonds and coupons shall be accepted and treated as cash, and when so received shall be cancelled, and the interest and sinking fund of such district shall be credited with the face value thereof.
(Prior code App. A, § 311)