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Current as of January 01, 2023 | Updated by FindLaw Staff
At its option the board may use the following form of bond:
The County of ______, State of California, hereby acknowledges itself indebted and promises to pay the bearer hereof, on the ______ day of ______, one thousand nine hundred ______ (here insert the date of maturity), the sum of ______ dollars in lawful money of the United States, with interest thereon in like lawful money, at the rate of ______ percent a year, payable at ______ semiannually (or annually) on the first day of ______, and ______ (or on the first day of ______ if interest payable annually), on presentation and surrender of the interest coupon hereto attached.
(Here insert provision for call and redemption if board elects to make bonds callable.)
This bond is issued by the board of supervisors of the County of ______, State of California, in strict compliance with Article 1, Chapter 6, Division 3, Title 3, of the Government Code of the State of California, and in pursuance of an order of the board duly made on the ______ day of ______, 19__, and with the assent of two-thirds of the qualified electors of the county voting at an election legally called and duly held for that purpose on the ______ day of ______, 19__.
And it is hereby certified and recited that the bonded indebtedness of this county, including this bond, does not exceed __ percent of the taxable property thereof, as shown by the last equalized assessment roll of the county, and that provision has been made for the collection of an annual tax sufficient to pay the interest on this indebtedness as it falls due and to constitute a sinking fund for the payment of the indebtedness at or before maturity.
Attest: ______________ County Auditor.”
Cite this article: FindLaw.com - California Code, Government Code - GOV § 29919 - last updated January 01, 2023 | https://codes.findlaw.com/ca/government-code/gov-sect-29919/
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