Section 50662 Of Article 3. Negotiability From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 3. >> Article 3.

. When a local agency is authorized by charter to issue bonds payable solely from revenues of a municipal utility or a special fund, in negotiable form, the local agency may issue the bonds and any coupons for interest thereon in negotiable form, and they are negotiable instruments for all purposes.