My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
Ord64 1128
RedwoodCity
>
City Clerk
>
Ordinances
>
1960-1969 partial
>
1964
>
Ord64 1128
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/21/2011 11:51:23 AM
Creation date
4/21/2011 11:26:23 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Regular
Agency Type
City Council
Date
3/9/1964
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
58
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
CHAPTER 10 <br />Sections <br />1013 assessment or interest, or the amount of any sub - <br />(Contd.) sequent installment of any such assessment or inter- <br />est shall be the obligation of the district or improve- <br />ment district within which the assessment proceedings <br />were had and shall not be the obligation of the city; <br />and the city shall not be obligated to advance any <br />moneys for any of said purposes from any available <br />funds of the city. <br />(b) Special Levy. The obligation of the city under'said <br />Act to levy a special tax for the purpose of paying <br />for any property sold or to be sold to the city for <br />nonpayment of any delinquent installment of any <br />assessment or of any interest thereon or the amount <br />of any subsequent installment of any such assessment <br />or interest thereon, when there are no funds of a <br />district available for said purposes under paragraph (a) <br />of this section, shall be the obligation of the district <br />or improvement district within which the assessment pro- <br />ceedings were had and shall not be the obligation of <br />the city; and the city shall not be obligated to levy <br />any special tax upon taxable property in the city as a <br />whole to provide any moneys for any of the purposes <br />mentioned in paragraph (a) of this section or in this <br />paragraph (b). <br />(c) Indebtedness. Neither said bonds nor the interest <br />thereon, nor any special assessment, nor any install- <br />ment thereof or interest thereon shall be or constitute <br />an indebtedness of Uie city or of any district or <br />improvement district nor may the taxing power of the <br />city or of any district or improvement district be <br />compelled for the payment thereof except as provided <br />in paragraph (b) of this section. <br />(d) Premium. The city shall not be obligated to provide <br />In said proceedings that a premium of five per cent <br />(5 %) of the amount of any bond shall be paid to the <br />holder thereof in the event that such bond be called <br />for redemption prior to its date of maturity, pro- <br />vided that the provisions of section 1209 of this <br />ordinance shall apply. <br />CHAPTER 11 <br />CHAPTER 11 <br />Sections REFUNDING <br />1101 <br />District Bonds or Improvement District Bonds. Any general <br />obligation bonds of any district or improvement district may <br />be refunded by the issuance of refunding bonds of such district <br />or improvement district by the procedure provided by Title 4, Divisic <br />4, Chapter 4, Article 3 (commencing at Section 43720) of the <br />Government Code, except that: <br />(a) Sections 43722 43724 43725 43730 to 43735, both <br />inclusive, 43745 and 43746, shall not apply; <br />36 <br />
The URL can be used to link to this page
Your browser does not support the video tag.