Section 4806 Of Article 5.6. Bonds For Improvement Of A Portion Of A District From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 3. >> Article 5.6.
4806
. As an alternative method of issuing bonds the district board
may, after the approval and adoption of an engineer's report for a
portion of the district, if it deems it necessary to incur a bonded
indebtedness to obtain funds with which to acquire the property and
do the work set forth in the report, by resolution so declare and
state: (a) the general objects and purposes for which the proposed
debt is to be incurred; provided, however, that such general
objectives and purposes shall not include the acquisition or
construction of new local street sewers or laterals as distinguished
from main trunk, interceptor and outfall sewers; (b) the amount of
debt to be incurred; (c) that the district board intends to form an
improvement district of that portion of the district which in the
opinion of said board will be benefited, the exterior boundaries of
which portion are set forth on a map on file with said board, which
map shall govern for all details as to the extent of the proposed
improvement district, and to call an election in such improvement
district on a date to be fixed, for the purpose of submitting to the
qualified voters thereof the proposition of incurring indebtedness by
the issuance of bonds of the district for said improvement district;
(d) that taxes for the payment of said bonds and the interest
thereon shall be derived exclusively from an annual tax upon the real
property in the improvement district; (e) that the engineer's
report, together with a map showing the exterior boundaries of said
proposed improvement district with relation to the territory
immediately contiguous thereto and to the proposed improvement, are
on file with the district board and are available for inspection by
any person interested; (f) the time and place for a hearing by the
board on the questions of the formation of said proposed improvement
district, the extent thereof, the proposed improvement and the amount
of debt to be incurred; and (g) that at the time and place specified
in the resolution any person interested, including any persons
owning property in the district or in the proposed improvement
district, will be heard.