Section 12855 Of Article 6a. Electric, Water, Communications, Or Sewage Disposal System Improvements From California Public Utilities Code >> Division 6. >> Chapter 6. >> Article 6a.
12855
. If no such referendary petition is presented within the
period of 60 days, then upon the expiration of such period, or if the
proposition of issuing the bonds specified in the resolution of the
board adopted pursuant to this article has been assented to by a
majority of the voters voting on the proposition, whether upon
referendum or pursuant to Section 12856, then upon such proposition
having been so assented to, the resolution shall take full and final
effect, and the board may proceed in accordance with the provisions
of this article and issue bonds within the terms of the resolution
and in accordance with the applicable provisions of the Revenue Bond
Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1,
Division 2, Title 5, Government Code).