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Trading Chanakya Group

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Secretary Matures

36340. Revenue bonds and interest coupons attached thereto shall bein such form as may be prescribed by the board.36341. The face of each revenue bond shall state: (a) That the payment or redemption of the bond and the payment ofthe interest thereon is secured solely by a first and direct chargeand lien upon all or the portion, as prescribed by the district byorder or by contract, of the revenues pledged therefor. (b) That neither the payment of all or any part of the principalor interest thereon is a general debt, liability, or obligation ofthe district. (c) That the bond is subject to call and redemption prior tomaturity, if the board has so provided.36342. Revenue bonds shall be payable in lawful money of the UnitedStates.36343. Each issue of revenue bonds shall be numbered consecutivelyand the bonds of each issue shall be numbered consecutively fromlower to higher as they mature and shall bear such date as may beprescribed by the board.36344. The date appearing upon the face of a revenue bond shall bedeemed to be the date of issuance irrespective of the subsequentdelivery of the bond.36345. Revenue bonds shall be signed by the president and attestedby the secretary, and interest coupons appertaining thereto shall besigned by the secretary.36346. All the signatures on the bond or coupons may be printed,lithographed, engraved, or otherwise mechanically reproduced, exceptthat one of the signatures shall be manually affixed.36347. The seal of the district may be affixed to the revenue bondsby mechanical reproduction thereof.36348. If any officer whose signature appears on any revenue bondor coupon ceases to be such officer of the district before thedelivery of the bonds to the purchaser, his signature on the bond orcoupon is valid and sufficient for all purposes with like force andeffect as though he had remained in office until the actual deliveryof the bonds and payment of the purchase price thereof.36349. Revenue bonds shall be of such denomination or denominationsas the board may prescribe.36350. Revenue bonds shall be payable at such time and place as maybe designated by the board, but in no case shall the maturity of anybond be more than 40 years from its date.36351. Every revenue bond shall be payable at a given time for itsentire amount and not for a percentage thereof.36352. Revenue bonds shall bear interest at a rate not in excess of8 percent per annum, payable annually or semiannually as may beprescribed by the board.Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

secretary matures



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