Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 15. SAN MATEO COUNTY TRANSIT DISTRICT [103000 - 103700]
( Part 15 added by Stats. 1974, Ch. 502. ) CHAPTER 5. Powers and Functions of District [103200 - 103399.1]
( Chapter 5 added by Stats. 1974, Ch. 502. ) ARTICLE 2. Contracts [103220 - 103226]
( Article 2 added by Stats. 1974, Ch. 502. ) 103225.
The district may insure against any accident or destruction of the system or any part thereof. The district may insure against loss of revenues from any cause whatsoever. It may provide, in the proceedings authorizing the issuance of any bonds, for the carrying of insurance in such amount and of such character as may be specified, and for the payment of the premiums thereon. The district may also provide insurance as provided in Part 6 (commencing with Section 989), Division 3.6, Title 1 of the Government Code.
(Added by Stats. 1974, Ch. 502.)