Statute · California Water Code
Cal. Water Code § 56071 — Bonds
Cal. Water Code § 56071
- Type
- Statute
- Source
- California Water Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The resolution shall state all of the following:
Citator
Cal. Water Code § 56071 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.