Sts. & Hy. Code, § 35411 · Chapter 3. Bonds, Acquisitions and Improvements
Sts. & Hy. Code, § 35411
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The bonds shall state in substance that:
(a) The bond and interest are payable solely from:
(1) The gross or net, as the case may be, revenues from the operation of the parking place or places acquired and improved with the proceeds, if such is the case.
(2) The net revenues, or a portion thereof, from parking meters on certain public ways within the district, if such is the case.
(3) To the extent provided in this part, from a limited (stating the limits) ad valorem assessment to be levied upon taxable real property in the district, if such be the case.
(b) Neither the city nor any of its officers is to be held otherwise liable for its principal or interest.
Notes and commentary — not statutory text
History
Amended by Stats. 1955, Ch. 1283.
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=SHC§ionNum=35411.
- Text hash
- sha256 b9b490f40dffcae0428118ae5cdd360bc6c741740de191a2bbde1a9eadd1ee8c
- 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
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.