Statute · California Public Resources Code
Cal. Pub. Res. Code § 5363 — Municipal Park Improvement District Bonds
Cal. Pub. Res. Code § 5363
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The legislative body may issue and sell the bonds at not less than par value, and the proceeds of the sale of the bonds shall be placed in the treasury of the municipality to the credit of the proper district funds and shall be applied exclusively to the purposes and objects mentioned in the…
Citator
Cal. Pub. Res. Code § 5363 — Municipal Park Improvement District Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The legislative body may issue and sell the bonds at not less than par value, and the proceeds of the sale of the bonds shall be placed in the treasury of the municipality to the credit of the proper district funds and shall be applied exclusively to the purposes and objects mentioned in the ordinance or resolution ordering the holding of the bond election and to the incidental expense in connection therewith.