§ 53808. — 53808. (Added by Stats. 1959, Ch. 2070.)

California § 53808.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 2.
• Title 5.: DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
• Part 1.: PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
• Ch. 4.: CHAPTER 4. Financial Affairs
• Art. 6.5.: ARTICLE 6.5. Building Certificates

Text

Any resolutions authorizing the issue of certificates may contain provisions which are part of the contract with the investing agency as to:
(a)
Pledging all or any of the revenues, rentals, or receipts of the local agency from specific properties.
(b)
The construction or acquisition of any public building and the duties of the board with reference thereto.
(c)
The terms and provisions of the certificates.
(d)
Limitations on the purposes to which the proceeds of the certificates, then or thereafter to be issued may be applied.
(e)
The rate of rentals and other charges for use of the public buildings of, or for the services rendered by, the board, including limitations upon the power of the board to modify any leases or other agreements pursuant to which any rentals or other charges are payable.
(f)
The setting aside of reserves or sinking funds and the regulation and disposition of them.
(g)
Limitations on the issuance of additional certificates.
(h)
Any other agreements with the certificate holders.

Legislative History

Added by Stats. 1959, Ch. 2070.