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Education Code - EDC - EDC § 15142
Education Code - EDC - EDC § 15142
The bonds shall be issued in the denomination or denominations as the board of supervisors or governing board of the community college district may prescribe.
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Education Code - EDC - EDC § 15143
Education Code - EDC - EDC § 15143
The bonds shall not bear a rate of interest greater than 8 percent per annum, payable annually or semiannually.
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Education Code - EDC - EDC § 15144
Education Code - EDC - EDC § 15144
The number of years the whole or any part of the bonds are to run shall not exceed 25 years, from the date of the bonds or the date of any series thereof.
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Education Code - EDC - EDC § 15144.1
Education Code - EDC - EDC § 15144.1
The ratio of total debt service to principal for each bond series shall not exceed four to one.
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Education Code - EDC - EDC § 15144.2
Education Code - EDC - EDC § 15144.2
A bond that allows for the compounding of interest, including, but not limited to, a capital appreciation bond, maturing more than 10 years after its date of issuance shall be subject to redemption before its fixed maturity date, with or without a premium, at any time, or from ti
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Education Code - EDC - EDC § 15144.3
Education Code - EDC - EDC § 15144.3
A school district or community college district with a note issued before December 31, 2013, pursuant to Section 15150 may seek from the state board or the Chancellor of the California Community Colleges, as applicable, a one-time waiver from one or more of the requirements of Se
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Education Code - EDC - EDC § 15145
Education Code - EDC - EDC § 15145
(a) The board of supervisors by an order entered upon its minutes shall prescribe the form of the bonds. The bonds shall be signed by the chairperson of the board of supervisors, or by any other member thereof as the board of supervisors shall, by resolution adopted by a four-fif
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Education Code - EDC - EDC § 15146
Education Code - EDC - EDC § 15146
(a) The bonds shall be issued and sold pursuant to Section 15140, payable out of the interest and sinking fund of the school district or community college district. The governing board of the school district or community college district may sell the bonds at a negotiated sale or
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Education Code - EDC - EDC § 15147
Education Code - EDC - EDC § 15147
Before selling the bonds, or any part of them, the board of supervisors or community college district, as appropriate, shall give notice as required by Section 53692 of the Government Code.
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Education Code - EDC - EDC § 15148
Education Code - EDC - EDC § 15148
If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder or bidders, and the clerk of the board of supervisors shall prepare and certify to all of the proceedings on file in his or her office relative to the issuance and sal
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Education Code - EDC - EDC § 15149
Education Code - EDC - EDC § 15149
The issuing school district or community college district by action of its governing board may prepare, or have prepared, bond brochures to serve as a prospectus for bond buyers to assist in the satisfactory sale of the bonds, the expense of the brochures to be payable out of the
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Education Code - EDC - EDC § 15150
Education Code - EDC - EDC § 15150
(a) When the governing board of a school district or a community college district deems it in the best interests of the district, it may by resolution, upon terms and conditions that it shall prescribe, issue notes, on a negotiated or competitive-bid basis, maturing within a peri
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Education Code - EDC - EDC § 15180
Education Code - EDC - EDC § 15180
Whenever under Sections 15100 and 15102, and Sections 15107 to 15140, inclusive, and Sections 15142 to 15261, inclusive, any bonds are issued, the bonds may be issued either in the form of coupon bonds, or in the form of registered bonds, or some in the form of coupon bonds and s
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Education Code - EDC - EDC § 15181
Education Code - EDC - EDC § 15181
If any officer whose signature, countersignature, or attestation appears on any school bonds or coupons ceases to be an officer before the delivery of the bonds to the purchaser, the signature, countersignature, or attestation either on the bonds or the coupons, or on both, is ne
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Education Code - EDC - EDC § 15182
Education Code - EDC - EDC § 15182
Any bonds executed in the manner provided by the board of supervisors shall be valid, notwithstanding any change in the officers who signed the bonds or the coupons, or in the seal of the board of supervisors, occurring after the execution.
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Education Code - EDC - EDC § 15190
Education Code - EDC - EDC § 15190
Whenever the owner of any coupon bond or of any bond payable to bearer presents the bond to the treasurer or other officer of the county in which the district is located, who by law performs the duties of treasurer, with a request for the conversion of the bond into a registered
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Education Code - EDC - EDC § 15191
Education Code - EDC - EDC § 15191
After registration any bond may be transferred by the registered owner in person, or by attorney duly authorized, on presentation of the bond to the treasurer or other officer performing the duties of treasurer. The bond may be again registered as before, a similar statement bein
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Education Code - EDC - EDC § 15192
Education Code - EDC - EDC § 15192
The statement stamped, printed, or written upon the bond may be substantially in the following form: (Date, giving month, day, and year.) This bond is registered pursuant to the statute in such cases made and provided in the name of (insert name of owner) and the interest and pri
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Education Code - EDC - EDC § 15193
Education Code - EDC - EDC § 15193
After any bond has been registered as provided in this article, the principal and interest of the bond shall be payable to the registered owner.
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Education Code - EDC - EDC § 15194
Education Code - EDC - EDC § 15194
The treasurer or other officer shall keep in his or her office a book or books which shall at all times show what bonds are registered and in whose name respectively.
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Education Code - EDC - EDC § 15200
Education Code - EDC - EDC § 15200
If any bonds authorized under the provisions of Sections 15100 and 15102, and Sections 15107 to 15140, inclusive, and Sections 15142 to 15261, inclusive, have not been offered for sale for one year from the date of the election at which they were authorized or remain unsold for a
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Education Code - EDC - EDC § 15201
Education Code - EDC - EDC § 15201
Upon receiving the petition, signed by a majority of the members of the governing board, the board of supervisors shall fix a time for hearing it, which shall not be more than 30 days after receipt of the petition, and shall cause a notice stating the time and place of the hearin
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Education Code - EDC - EDC § 15202
Education Code - EDC - EDC § 15202
At the time and place designated in the notice, or at any subsequent time to which the hearing may be postponed, the board of supervisors shall hear any reasons that may be submitted for or against the granting of the petition.
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Education Code - EDC - EDC § 15203
Education Code - EDC - EDC § 15203
If the board of supervisors deem it for the best interests of the school district or community college district named in the petition that the unsold bonds be canceled, it shall make and enter an order in the minutes of its proceedings that the unsold bonds be canceled. Upon the
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Education Code - EDC - EDC § 15204
Education Code - EDC - EDC § 15204
The governing board of any school district or community college district may petition the board of supervisors to cancel the remaining authorization of that district to issue and sell bonds resulting from any particular school bond election after the sale of at least 90 percent o