Section 6090 Of Chapter 3. Taxation And Bonds From California Harbors And Navigation Code >> Division 8. >> Part 3. >> Chapter 3.
6090
. All bonds issued pursuant to this part and Chapter 32,
Statutes of 1901, page 27, are obligations of the district and so
long as the bonds are outstanding and unpaid the board of supervisors
of the county shall at the time of fixing the general tax levy and
in the manner provided for such general tax levy until the bonds are
paid or until there is a sum in the treasury of the district set
apart for that purpose, sufficient to meet all sums coming due for
principal and interest, levy and collect annually a tax sufficient to
pay the annual interest on such bonds as it comes due and such part
of the principal thereof as will become due before the proceeds of
another tax levy made at the time of the next general tax levy for
county purposes can be made available for the payment of said
principal.
In the event the district has moneys on hand in any year
sufficient to meet all or part of the sum coming due for principal
and interest on said bonds prior to the time that the proceeds of a
tax levy made at the time of the next general tax levy for county
purposes can be made available for the payment of said principal and
interest and said moneys have been placed in a fund for the purpose
of payment of said principal and interest the amount of moneys to be
raised by the annual tax for that year may be reduced to a sum
sufficient to provide the balance of moneys necessary for the purpose
of payment of said principal and interest.
All taxes collected for the payment of principal and interest,
shall when collected by the county tax collector, be paid to the
treasurer of said district.