Sts. & Hy. Code, § 9403 · Chapter 11. Issuance of Refunding Bonds
Sts. & Hy. Code, § 9403
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Refunding bonds issued pursuant to this division shall comply with the following requirements:
(a) Bonds shall be in such denominations as the legislative body may determine.
(b) Bonds shall be payable to bearer.
(c) The date of the bonds shall be the date of the recording of the reassessment.
(d) Bonds shall be signed by the mayor or other chief executive of the city and by the city treasurer, and attested by the city clerk, the seal of the city affixed thereto.
(e) Bonds shall be numbered consecutively and shall bear interest and mature as provided in the contract with the bondholders.
(f) The coupons affixed to the bonds shall be signed by the city treasurer by his printed, lithographed, or engraved facsimile signature.
(g) At least the first two maturing interest coupons on the bonds must be at a rate of interest less than the interest rate on the bonds to be refunded.
Notes and commentary — not statutory text
History
Added by Stats. 1951, Ch. 463.
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=9403.
- Text hash
- sha256 70a79c2bc11b59dbb5118af220405e51178b1e7523332f3b82b78290f674e48a
- 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.