Code Section

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036. )
  

PART 7. MARIN COUNTY TRANSIT DISTRICT [70000 - 80019]

  ( Part 7 added by Stats. 1964, 1st Ex. Sess., Ch. 92. )
  

CHAPTER 7. Bonds [70225 - 70266]

  ( Chapter 7 added by Stats. 1964, 1st Ex. Sess., Ch. 92. )
  

ARTICLE 4. Status as Investments [70260 - 70261]
  ( Article 4 added by Stats. 1964, 1st Ex. Sess., Ch. 92. )

  
70261.  

All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the State as security for the deposit of funds of the State or of any county, city and county, city, municipality or other public or municipal corporation within the State.

(Added by Stats. 1964, 1st Ex. Sess., Ch. 92.)