Gov. Code, § 53388.7 · Article 5. Senior Obligation Bonds
Gov. Code, § 53388.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The bonds may be issued if a majority of the voters voting on the proposition vote in favor of issuing the bonds.
(b) If the voters approve the issuance of the bonds as provided by subdivision (a), the legislative body shall proceed with the issuance of the bonds by adopting a resolution which shall provide for all of the following:
(1) The issuance of the bonds in one or more series.
(2) The principal amount of the bonds, which shall be consistent with the amount specified in subdivision (b) of Section 53388.3.
(3) The date the bonds shall bear.
(4) The date of maturity of the bonds.
(5) The denomination of the bonds.
(6) The form of the bonds.
(7) Any conversion privileges which the bonds shall carry.
(8) The manner of execution of the bonds.
(9) The medium of payment in which the bonds are payable.
(10) The place or manner of payment and any requirements for registration of the bonds.
(11) The terms of call or redemption, with or without premium.
Notes and commentary — not statutory text
History
Added by Stats. 1985, Ch. 906, Sec. 1.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53388.7.
- Text hash
- sha256 ead913e9b36d2ed87a1a45ad191ded92c2ce8e06eec98ece13d9acb5827f66a1
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.