Cal. HNC § 6077
This is the official text of Cal. HNC § 6077, part of California’s Harbors and Navigation Code — regulates ports, harbors, and boating.
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Official statutory text
It may borrow money and incur indebtedness and issue bonds or other evidence of indebtedness. All bond elections called by the board shall be conducted and held pursuant to Article 1 (commencing with Section 43600) of Chapter 4 of Division 4, Title 4 of the Government Code.
When in that article, the word “city” is used it includes the district and whenever the words “legislative body” are used they mean the board.
The purposes for which bonded indebtedness may be incurred by the district are described in Section 6075.
All bonds issued shall be signed by the board and a district shall not incur a bonded indebtedness which in the aggregate exceeds 15 percent of the assessed value of all the real and personal property in the district.
When in that article, the word “city” is used it includes the district and whenever the words “legislative body” are used they mean the board.
The purposes for which bonded indebtedness may be incurred by the district are described in Section 6075.
All bonds issued shall be signed by the board and a district shall not incur a bonded indebtedness which in the aggregate exceeds 15 percent of the assessed value of all the real and personal property in the district.
Status: in_force · Read it on the official government site
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