Wat. Code, § 56071 · Chapter 6. Bonds
Wat. Code, § 56071
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The resolution shall state all of the following:
(a) The general objects and purposes for which it is proposed to incur an indebtedness.
(b) A reference to the report filed with the district board for particulars.
(c) The amount of the bonds proposed to be issued; provided, that the district shall not incur any indebtedness which exceeds fifteen percent (15%) of the assessed value of all taxable real property in the district.
(d) The number of years not to exceed which the whole of the bonds are to run.
(e) The rate of interest or a maximum rate of interest to be paid, which rate shall not be more than the rate specified in this chapter, payable at the time specified in this chapter.
(f) The date of the election.
(g) The election precincts, polling places, and election officers.
Notes and commentary — not statutory text
History
Added by Stats. 1955, Ch. 1232.
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=WAT§ionNum=56071.
- Text hash
- sha256 7019977a8b959179890e93539b18dfe037f7d94174d678cadda058bf6a14c921
- 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.