Section 43762 Of Article 4. Investment Bond Act Of 1909 From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 4.
43762
. It is the intent of the Legislature in adopting this article
that the acquisition of such bonds or investments of the general
improvement fund shall be for any or all of the following purposes:
(a) Aiding or facilitating the making of needed public
improvements in the city.
(b) Limiting or preventing such increasing of district taxes or
assessments as may impair the general tax revenues of the city from
any district.
(c) Providing means to reduce district indebtedness or assessments
represented by or securing bonds.
(d) Obtaining collection of delinquent city taxes.
(e) Restoring property to the tax rolls in order that city taxes
may be collected on such property.