Section 4809 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.
4809
. When the board has made its determinations as provided in
Section 4808 and if the board deems it necessary to incur the bonded
indebtedness, the board shall by resolution call a special election
in said improvement district 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.
Said resolution shall state: (a) that the board deems it necessary
to incur the bonded indebtedness; (b) the purpose for which the
bonded indebtedness will be incurred; (c) the amount of debt to be
incurred; (d) the name of the improvement district to be benefited by
said indebtedness, as set forth in the resolution making
determinations, and that a map showing the exterior boundaries of
said improvement district is on file with the district board, which
map shall govern for all details as to the extent of the improvement
district; (e) that taxes for the payment of such bonds and the
interest thereon shall be derived exclusively from an annual tax upon
the real property in said improvement district; (f) the maximum term
the bonds proposed to be issued shall run before maturity, which
shall not exceed 40 years; (g) the maximum rate of interest to be
paid, which shall not be more than the rate specified in this chapter
for bonds of the district, payable at the time specified in this
chapter for bonds of the district; (h) the measure to be submitted to
the voters; (i) the date of the election; and (j) the election
precincts, polling places and election officers.