Section 36253 Of Article 2. Authorization Of Bonds And Issuance From California Water Code >> Division 13. >> Part 6. >> Chapter 3.5. >> Article 2.
36253
. Subsequent to the receipt of the plan of works provided for
in Section 36251, the board may approve or modify the proposed plan
of works, and thereafter by the adoption of a resolution may declare
its intention to issue general obligation bonds to acquire or
construct improvements described in the approved plan of works and to
issue general obligation bonds of the district, or on behalf of an
improvement district thereof, the interest and principal of which
shall be paid by annual ad valorem taxes on the taxable land within
the district or improvement district. In such case the resolution
shall state the following:
(a) It is the intention of the board to acquire or construct
improvements described in the approved plan of works and to issue
general obligation bonds, the proceeds of which shall be used to pay
the expenses thereof as set forth in the estimate provided for in
Section 36251.
(b) A description of the purpose of the plan.
(c) The estimated expense of carrying out the plan of works.
(d) Assessments for carrying out such purpose shall be levied
exclusively on the lands of the district or improvement district,
including any territory annexed thereto.
(e) A map of the exterior boundaries of the district or
improvement district is on file with the secretary of the district
and is available for inspection by any person or persons interested.
(f) The date, time and place of the hearing by the board in regard
to the foregoing plan at which time the board will, thereupon,
determine the benefit or lack thereof to the lands within the
district or improvement district thereof and, at which time all
interested persons will be heard and written protests, if any, will
be considered.