Code Section Group

Water Code - WAT

DIVISION 21. WATER CONSERVATION DISTRICTS [74000 - 76501]

  ( Division 21 added by Stats. 1965, Ch. 75. )

PART 6. FINANCIAL PROVISIONS [74750 - 74977]

  ( Part 6 added by Stats. 1965, Ch. 75. )

CHAPTER 2. Limitation on Indebtedness [74770 - 74772]
  ( Chapter 2 added by Stats. 1965, Ch. 75. )

74770.
  

The board has no power, except as provided in this division as to certificates of indebtedness, notes, special assessments, and the issuance of bonds by the district, to incur any debt or liability whatever in excess of the express provisions of this division. Any debt or liability incurred in excess of such express provisions, except as to certificates of indebtedness, notes, special assessments, and the issuance of bonds, is absolutely void.

(Amended by Stats. 1966, 1st Ex. Sess., Ch. 35.)

74771.
  

For the purposes of organization, or for any of any purpose for which the board is authorized to expend the collection of the first assessment, an indebtedness not exceeding in the aggregate an amount equivalent of twenty-five cents ($.25) for each acre of land in the district, and it may cause warrants of the district to issue therefor bearing interest at 7 percent per year from date of issue until the treasurer has funds available for the payment thereof.

(Added by Stats. 1965, Ch. 75.)

74772.
  

The expenses of organization, including the fees of attorneys and others employed to conduct the organization proceedings, are a charge upon the district, and are payable by the district.

(Added by Stats. 1965, Ch. 75.)

WATWater Code - WAT