Article 4. Funds of California Harbors And Navigation Code >> Division 7. >> Chapter 2. >> Article 4.
All bonds sold for any purpose contemplated by this chapter
shall be sold for not less than their par value and accrued interest.
The proceeds shall be deposited in the treasury of the county and
placed to the credit of a special fund designated, ____ harbor fund,
created by order of the commission for that purpose, and the proceeds
of the sale of the bonds shall be used solely and exclusively for
the purpose for which they were issued.
The commission may receive donations and place them to the credit
of the fund. These shall be used only for the purpose for which they
were donated. Money shall not be paid out of the fund except upon
warrant of the county auditor, issued upon the written order of the
commission, and duly allowed and approved by the board.
Prior to the voting of bonds, the board may in all work under
this chapter, incur, permit to accrue, audit, approve and pay any
demand, debt or obligation against the county in a sum not to exceed
five thousand dollars in the aggregate.
Upon a showing of necessity by the commission, the board may,
by a four-fifths vote, permit the expenditure of an additional five
thousand dollars. More than one thousand dollars shall not be
appropriated at any one time.
All money shall be paid out of the general fund of the county
until there is money in the harbor fund sufficient to reimburse the
general fund of the county, when it shall be reimbursed, and
thereafter all sums shall be paid out of the harbor fund.
The board, on recommendation of the commission, may use any
and all moneys in the harbor fund in conjunction with the State or
Federal Government, in any harbor improvement, development or
protection undertaken by the State or Federal Government, or it may
place all or any moneys in such fund at the disposal of the State or
Federal Government for use in the improvement, development or
protection of the harbor.
The commission shall, once in each six months, make out and
verify under oath, and file with the board, a detailed statement of
its proceedings, showing:
(a) The amount of money in the harbor fund at the time of the last
(b) The amounts of all donations since received and the purpose
for which the donations were made.
(c) The amount since expended, and the purpose for which it was
(d) The balance remaining on hand in the fund.