Section 13345 Of Chapter 7.1. Emergency Financing From California Public Utilities Code >> Division 6. >> Chapter 7.1.
13345
. Whenever the board, by resolution adopted by a four-fifths
vote of all members of the board of a five-ward district, or by a
five-sevenths vote of all members of the board of a seven-ward
district, finds and determines that any part of the works of the
district has been damaged or demolished by reason of fire, flood,
earthquake, sabotage, or act of God or the public enemy, and that the
cost of repairing or replacing the works so damaged or demolished is
too great to be paid out of the ordinary annual income and revenue
of the district, and that the public interest requires the incurring
of indebtedness for the purposes set forth in the resolution, the
board may authorize the incurring of indebtedness for this purpose
pursuant to this chapter.