OCR Text |
Show -61- sistent with, any provision of this act, and bonds of said district which have been so investigated and certified and declared to be legal investments for the purposes stated in said act approved June 13, 1913, as amended, may be lawfully purchased or received in pledge for loans by savings banks, trust companies, insurance companies, guardians, executors, administrators, and special administrators, or by any public officer or officers of this state or of any county, city, or city and county, or other municipal or corporate body within this state having or holding funds which they are allowed by law to invest or loan; provided, however, that where said commission has passed upon one issue of bonds of said district, all subsequent issues of said district shall be submitted to said commission as in the said act provided. Sec. 18. Special Election for Bond Issue. After the amount of the proposed bond issue is determined by the board of trustees, said board may call a special election, at which shall be submitted to the owners of property within the district qualified to vote, as hereinbefore provided, the question whether or not the bonds of said district in the amount determined by said board shall be issued, and said board must call such an election and submit said question upon receipt of a petition signed by at least one hundred owners of real property within the district assessed for taxation on the last preceding equalized assessment roll, provided that such petition shall include the holders of title or evidence Special election for bond issue. |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |