California Streets and Highways Code

§ 25493

SHC § 25493Div. 16 · Part 1 · Ch. 19

Statute text

The board of directors shall cause a report on the bond issue proposed under this chapter to be made and filed by the district engineer or some other competent person appointed for that purpose. The report shall contain:

(a)A statement in general terms of what the proposed bond issue is to cover, together with the total amount of the same. The total amount shall not exceed the original charge made against the district for the items included, plus a reasonable interest thereon not to exceed 6 per cent per annum.

(b)A description of the lands benefited by the items for which the bonds are proposed to be issued.

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Legislative history

Added by Stats. 1943, Ch. 284.