California § 33117. 33117. (Amended by Stats. 1951, Ch. 1388.)

California Statutes

§ 33117. — 33117. (Amended by Stats. 1951, Ch. 1388.)

California § 33117.

JurisdictionCalifornia

Code SHCStreets and Highways Code - SHC

Div. 18.DIVISION 18. PARKING

Part 2.PART 2. PARKING LAW OF 1949

Ch. 5.CHAPTER 5. Revenue Bonds

This text of California § 33117. (33117. (Amended by Stats. 1951, Ch. 1388.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Streets and Highways Code - SHC Code § 33117. (2026).

Text

The authority may provide for the making of a covenant requiring the authority to provide for the establishment and maintenance of reserve funds, sinking funds, or other special funds in the city treasury or special trust accounts in a bank or trust company to insure payment, when due or payable, whether at maturity or upon redemption, of the principal of and interest on any bonds, including premiums, if any due, upon the redemption of any thereof, or to insure the application of the proceeds of such bonds to the purposes for which the same were issued, or for any other appropriate purpose. Any money placed in any such reserve, sinking, or other special fund or trust account shall constitute a trust fund and shall be applied only to the purposes for which it was created.

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The authority may provide for the making of a covenant requiring the authority to provide for the establishment and maintenance of reserve funds, sinking funds, or other special funds in the city treasury or special trust accounts in a bank or trust company to insure payment, when due or payable, whether at maturity or upon redemption, of the principal of and interest on any bonds, including premiums, if any due, upon the redemption of any thereof, or to insure the application of the proceeds of such bonds to the purposes for which the same were issued, or for any other appropriate purpose. Any money placed in any such reserve, sinking, or other special fund or trust account shall constitute a trust fund and shall be applied only to the purposes for which it was created.

Legislative History

Amended by Stats. 1951, Ch. 1388.

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California § 33117., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/33117..