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Code · California · Water Code

§ 56071

139 words·~1 min read·/ca/water-code/56071

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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