§ 4992. — 4992. (Added by Stats. 1957, Ch. 8.)

In the ordinance authorizing the issuance of the bonds, provision may be made, but are not limited to provisions:
(a)
That all or part of the bonds are callable, the manner of the call and the premiums to be paid thereon;
(b)
That all or part of the bonds are payable at the office of a paying or fiscal agent, within or without the State, and for the payment of fees therefor;
(c)
For the pledge of revenues, its nature, and its parity with other sewer revenue bonds issued or to be issued;
(d)
For the percentage that annual net revenues shall bear to bond and interest payments;
(e)
For reserve, surplus and other funds usual in the issuance of revenue bonds;
(f)
For the duties and obligations of the district;
(g)
For the remedies of bondholders, which may be in addition to those provided herein;
(h)
For the manner of amending or abrogating the bond ordinance or refunding any or all bonds thereunder;
(i)
For occurrences in the event of default and the rights and remedies arising therefrom; and
(j)
For usual and customary covenants for the security and protection of the payment of the bonds.

Legislative History

Added by Stats. 1957, Ch. 8.