This law section simply states that it can be referred to as the Investment Bond Act of 1909.

This law allows cities to incur debt through bonds if it's in the public's best interest. Cities can acquire bonds that they themselves issued, were issued by or for any district within the city, or were issued for street work and public improvements. These bonds can also relate to projects covered under specific laws like the Improvement Bond Act of 1915 and the Acquisition and Improvement Act of 1925.

This California law outlines the reasons for acquiring bonds or investments from the general improvement fund. The goals include helping with public improvements in the city, managing or preventing increases in district taxes, reducing district debts, collecting overdue city taxes, and ensuring properties are taxed by getting them back on the tax rolls.

This section states that any bonds issued under this article must follow the procedures set out in Article 1 of the same chapter. Essentially, it's saying that there is a standardized method for issuing these bonds.

This law says that when there's a decision to hold an election for a proposed public improvement, the announcement does not have to mention how much the project is expected to cost.

This law section explains the requirements for an ordinance when issuing new bonds to buy existing ones. Specifically, it must include which bonds are being acquired, the total amount owed on those bonds, and the highest price that can be paid for them. This price must not be more than the specified limit.

This law allows for the interest rates on bonds to change throughout the duration of the bond. The rates don't have to be uniform and can vary for different interest payment periods.

This law section states that bonds must be sold for at least their face value. Additionally, they can be swapped for existing bonds, as long as the trade is made at their face value and the original bonds do not cost more than the highest price set during the election announcement.

This law section explains that when bonds are exchanged, any interest that has built up on the bonds being acquired can be used to balance out the interest accumulating on the new bonds being issued. If bonds are being bought instead, then the interest that has built up on them up to the exchange date can be paid.

This law states that bonds issued under this article must be redeemed and paid back according to the procedures outlined in Article 1 of the same chapter.

This law section explains that taxes to repay bonds will generally be collected following the rules in Article 1, unless the bonds are meant to be paid off all at once when they mature.

This law requires city governments to keep funds from bond sales in a separate account called the "general improvement fund." This money should be invested and reinvested in city-issued bonds or bonds for city improvements like streets or sewers. The city must collect principal and interest from these bonds and credit it back to this fund.

This law states that if a city issues new bonds to buy or fund the purchase of certain old bonds, the new bonds can only be used for that specific purpose. Additionally, any money left over or received from these bond transactions must be used to pay off the new bonds' principal and interest.

This law allows the legislative body to sell bonds whenever it decides it's the right time. However, they can't sell them for less than what they initially paid.

When bonds are sold, the money gained from selling them, along with any interest earned, goes into a general improvement fund. This money can either be reinvested in more bonds or used to pay off the debt and interest of those bonds, unless reinvestment isn’t allowed.

This section allows a city's legislative body to decide whether to include past due amounts from bond payments, which are due because of unpaid taxes or assessments, in the annual tax or assessment levy. The city can also choose not to include expected future unpaid taxes in this levy. Each year, they have the flexibility to decide how much to include or omit based on delinquencies. Taxes or assessments must be levied according to the law under which the bonds were originally issued, but they can adjust the total yearly amount if necessary.

This law allows a government's legislative body to buy bonds for less than their face value and then reduce the principal debt amount of those bonds to a new amount they decide on by law. However, the new total amount cannot be less than what they paid for the bonds.

This law states that an ordinance regarding bonds can be challenged by a referendum like other ordinances. It must specify several details about the bonds involved. These include the bonds that will be reduced, the original total amount of these bonds, how much was paid for these bonds, and how much of the bonds' total amount will be reduced. It also needs to detail the specific bonds that will be canceled, their numbers, their amounts, their maturity dates, and when and where this cancellation will happen.

This law section requires that bonds are canceled in a public setting at a specified time and place. The city clerk must then record details about the canceled bonds, including identifying information and the date of cancellation, in the legislative body's minutes.

This law says that if bonds issued under the Improvement Bond Act of 1915 are canceled, the local government must adjust the principal amount of the related assessments. The new total should match the principal amount of the bonds that haven't been canceled and are still unpaid.

This law allows for the reduction of certain assessments by canceling part of them, if necessary. The legislative body is responsible for setting up a procedure for how these cancellations happen. Any part of the assessment that is not canceled is still valid and must be collected according to the original rules when the assessments and bonds were first issued.

This law allows a city's legislative body to cancel district bonds if they think it's better for the public interest, rather than enforcing the bond's lien. This is an alternative to other procedures previously outlined in related sections.

Before a city can cancel bonds, it has to pass an ordinance, which is like a city law, doing a few specific things: first, it must decide that canceling the bonds is in the public's best interest. Next, it has to specify which bonds, or what parts of them, are being canceled. Finally, it must set a time and place for when this cancellation will happen. The ordinance for cancellation can be subject to a public vote, just like any other city law.

This law requires that when bonds are set to be canceled, they must be canceled publicly at the time and place specified in an ordinance. The legislative body must then officially record the cancellation. Additionally, they must cancel all assessments and liens on properties tied to these bonds, including any overdue assessments, interest, penalties, and costs.

This law allows the city's legislative body to sell bonds from the general improvement fund to property owners. The purpose is to help these owners clear their property's assessments by redeeming it. However, the sale is only valid if the owner redeems their property at the same time, removing any unpaid liens or assessments, except for upcoming city taxes.

This law states that when bonds issued by a district are used to redeem property, those bonds must be canceled and discharged. Additionally, the treasurer is responsible for ensuring there's a record of this cancellation and discharge noted in the city's records.

This law lets the legislative body decide when a set of bonds will be fully paid off, as long as it's within twenty years from the date they were issued.

This law states that if bonds are set to mature all at once, a yearly tax needs to be applied that covers both the interest payments when they're due and sets aside money, called a sinking fund, to repay the full amount of the bonds when they mature.

This law requires that each year, an amount of money must be set aside into a special fund, called a sinking fund, to pay off the principal amount of bonds. This amount cannot be less than the total principal amount of the bonds divided by the number of years the bonds are scheduled to last.

This law says that if a set of bonds is scheduled to be paid off all at once, they can be redeemed earlier in numerical order, based on their serial numbers, on any date when interest is due, but only at their face value plus any interest that has accrued.

This law states that bonds issued under this article cannot be paid off early unless they include a statement saying they can be called, which means bought back before the agreed end date.

Each year, at least 60 days before a scheduled interest payment, the city must invite bids to purchase bonds using a special fund, called a sinking fund, if there's enough money in it to buy the bonds. The city has to announce these invitations through a newspaper in the city, publishing the notice once a week for two weeks, and they can also publish in additional newspapers if they choose.

This law states that when bonds are ready to be redeemed, there must be a public announcement specifying the amount available and when and where proposals for redemption will be opened. At the designated time and place, proposals are opened in front of the public. The government can choose to reject any or all of the proposals as they see fit.

This law states that a proposal to sell bonds won't be accepted unless the price offered is below the bond's face value and any interest that has piled up. If no good offers come in, or there's not enough to use up the funds reserved for paying off bonds, the legislative body will start redeeming outstanding bonds in order, using the available funds.

If the city is calling back bonds for redemption, they must announce it in a widely read local newspaper, doing so once a week for two consecutive weeks. The first announcement has to be at least thirty days before the bonds are due for redemption. On the specified redemption date, the bonds will be bought back at their face value, plus any interest that has accumulated up to that day.

If bonds are called in for redemption but aren't turned in by the redemption date, the next day enough money to pay off the principal and any interest up to the redemption date will go into a special fund. From the redemption date onward, those bonds stop earning interest.

This section explains that there's an alternative method for issuing bonds. Once you start using this method, you must follow all the rules in this particular section.

This law section says that when interpreting the rules in this article, they should be understood in a way that best achieves the goals it aims to accomplish. In simple terms, the rules should be applied in a broad manner to fulfill their intended purpose effectively.