reglab/housing_qa huggingface dataset:
CA Pub Util Code § 13121 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 6 - Reserve Funds|Section 13121.

13121.  In connection with the exercise of the power to borrow money, to issue bonds, and to refund indebtedness, pursuant to this chapter, the board may, from time to time, establish and maintain a reserve fund or funds in the district treasury, or a special trust account or accounts with an agent or agents designated by the board as a sinking fund or otherwise, to insure the payment, when due or payable, whether at maturity or upon redemption, of the principal of, and interest on, bonds issued as aforesaid, including premiums, if any, due upon the redemption of any thereof, or for any of said purposes. Money in any such reserve fund may be used for the purchase of bonds of the issue in connection with which it was established, for cancellation and retirement pursuant to any mandatory requirement of the redemption of sinking fund bonds. Each such fund or account shall be established and maintained out of the revenues pertaining to the electric system on account of which such power is exercised or out of any moneys which under the terms of this article are applicable to the purpose, through transfers or payments made at such times and in such amounts as the board may direct.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13122 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 6 - Reserve Funds|Section 13122.

13122.  Money set aside and placed in any such reserve fund or special trust account shall remain therein until from time to time expended for the purposes thereof, and shall not be used for any other purpose whatsoever, except for temporary investment thereof as provided in this chapter; provided, however,(1) That money may be paid or transferred from any such fund or account in furtherance of the purpose of its establishment, to any other such fund or account established for a like purpose in connection with the same issue of bonds, to such extent as may be required or permitted under the terms of the resolution authorizing that issue; and(2) That all money remaining in any such fund or account in excess of the amount required to make provision for the payment in full of the principal of, and interest on, the bonds with respect to which it was established, including premiums, if any, due upon the redemption of any thereof, may be returned and transferred to the revenue fund out of which such reserve fund was established.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13123 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 6 - Reserve Funds|Section 13123.

13123.  Money in any such reserve fund shall be drawn therefrom only upon demands authenticated by the signature of the accountant of the district; provided, however, that the board may, in its discretion, direct and authorize the payment from such reserve fund, by the treasurer, without such authenticated demand, (i) of bonds of the issue in connection with which such reserve fund is so established when due upon maturity or call, or of coupons pertaining to bonds of such issue when due, but only upon presentation and surrender of such bonds or coupons, (ii) of interest upon registered bonds of such issue when due, or (iii) of premiums, if any, due upon the redemption of any such bonds.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13124 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 6 - Reserve Funds|Section 13124.

13124.  Money in any such special trust account shall be drawn therefrom only in accordance with directions given or authorized by the board.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13131 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13131.

13131.  So long as any bonds of the district are outstanding and unpaid, or so long as provision has not been made for the full payment and discharge of all such outstanding bonds, upon maturity, or upon redemption prior to maturity, through the setting apart in a reserve fund or special trust account created pursuant to this article to insure the payment thereof, of money sufficient for that purpose, or through other irrevocable allocation to that purpose of money sufficient therefor all provisions of this article shall be complied with.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13132 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13132.

13132.  The board shall fix rates for service from the electric system to which the indebtedness pertains, and collect charges for such service, such as to provide revenues at least sufficient in the aggregate to pay, as the same shall become due, the principal and interest on all such bonds so outstanding payable out of those revenues, including premiums, if any, due upon the redemption of any thereof, in addition to paying, as the same shall become due, the necessary expenses of operating and maintaining such system, and all other obligations and indebtedness payable out of those revenues.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13133 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13133.

13133.  Bonds issued under this chapter shall be issued without any priority with respect to payment of principal or interest.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13134 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13134.

13134.  The electric system of the district to which the indebtedness pertains shall not be sold or otherwise disposed of, as a whole or substantially as a whole, unless such sale or other disposition be so arranged as to provide for a continuance of payments into a fund sufficient in amount to permit payment therefrom of principal of, and interest on, and premiums, if any, due upon the redemption of, all bonds issued under this chapter.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13135 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13135.

13135.  No indebtedness payable out of revenues shall be created in contravention of the provisions of any resolutions heretofore adopted by the board in connection with the authorization of any bonds payable out of revenues.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13136 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 7 - Obligation to Bondholders|Section 13136.

13136.  Anything in this article to the contrary notwithstanding, the board, in any resolution constituting a part of the proceedings for the issuance of any issue of bonds under this chapter may determine that the holders of the bonds of that issue are not to be entitled to the benefits of or to enforce any or all of the provisions of this article, and to that end the board, in such resolution, shall specify the provisions of this article to the benefits of which the holders of the bonds of that issue shall be entitled; and the holders of the bonds of that issue shall not be entitled to the benefits of or to enforce any of the provisions of this article not so specified.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13141 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 8 - Consents of Bondholders|Section 13141.

13141.  The board may provide in the resolution authorizing the issue of any bonds under this chapter that any act consented to by the holders of 60 percent in aggregate principal amount of the outstanding bonds of any issue of bonds issued under this chapter, pursuant to provisions for such consents contained in any resolution of the board constituting a part of the proceedings for the issuance of such bonds, shall not, as to the bonds of that issue, be deemed an infringement of any of the provisions of Article 7 of this chapter, or of any covenant made pursuant thereto, whatever the character of such act may be.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13142 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 8 - Consents of Bondholders|Section 13142.

13142.  The board may provide in the resolution authorizing the issue of any bonds under this chapter the terms and conditions upon which any provision of any resolution of the board constituting a part of the proceedings for the issuance of such bonds, or any provision of such bonds or coupons appurtenant thereto, may be modified if consented to by the holders of any percentage, specified in such resolution authorizing the issue of such bonds, of the aggregate principal amount of the outstanding bonds of such issue.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.

13151.  Without limiting in any way the generality of its power, the board is expressly authorized, in its discretion, to provide, in connection with any issue of bonds under this chapter all the matters contained in this article.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.1 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.1.

13151.1.  The board may provide for such bonds being in such amounts, of such denominations, payable at such times, and in such form as the board may determine.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.2 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.2.

13151.2.  The board may provide for such bonds being negotiable or nonnegotiable.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.3 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.3.

13151.3.  The board may provide for such bonds and the interest thereon, and premiums, if any, due upon the redemption of any thereof, being payable or collectible at any place or places, within or without the State of California, and without presentation and approval of demands.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.4 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.4.

13151.4.  The board may provide for such bonds being payable to bearer or only to the registered holder, either as to principal alone, or as to both principal and interest; for such bonds being with or without coupons; for such bonds being nonregisterable, or registerable, either as to principal alone, or as to both principal and interest; for such bonds being exchangeable or nonexchangeable, convertible or nonconvertible; and for the reissuance of bonds or coupons which have been surrendered and preserved, or for the issuance of new bonds or coupons in the place of bonds or coupons which have been surrendered and canceled, wherever appropriate as incident to the discharge of any bond from registration, or to any exchange or conversion of any bond; all on such terms and conditions, and at such place or places, within or without the State of California, as the board may determine.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.5 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.5.

13151.5.  The board may provide for such bonds being redeemable, either at the option of the district, or in the operation of any sinking fund provided for the issue, at such price or prices and in such manner as the board may determine, whether or not involving the payment of a premium upon such redemption; provided, that no bond shall be subject to redemption unless such bond at the time of its issue states on its face that it is redeemable at the option of the district or by the operation of a sinking fund for bonds of that issue, as the case may be.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.6 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.6.

13151.6.  The board may provide for the issuance by the district of a duplicate, in the manner and on such terms and conditions as the board may determine, in the event any bond, temporary bond, coupon or interim receipt of any such issue is lost, destroyed or mutilated.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.7 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.7.

13151.7.  The board may provide for the appointment and payment of fiscal, paying, sinking fund or other agents, or of trustees or registrars.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.8 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.8.

13151.8.  The board may provide for the appointment of the treasurer of the district to act as such fiscal, paying, sinking fund or other agent.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.9 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.9.

13151.9.  The board may provide for the custody by the district of bonds and coupons, whether pending delivery or after purchase or surrender; for the delivery of bonds and coupons by the district to the purchaser thereof; for the receipt by the district of the proceeds of the sale and for the depositing of such proceeds in the proper fund or funds.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.10 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.10.

13151.10.  The board may provide for the sale of any such bonds upon such terms and conditions as the board in its discretion may determine at public sale. Bonds may be sold by the board below the par or face value thereof, at a discount not to exceed 6 percent of par value; provided further, that in the case of refunding bonds the board may provide for the refunding being made, in whole or in part, by the exchange of such refunding bonds for the bonds to be refunded. Before selling the bonds, or any part thereof, the board shall give notice not less than 10 days prior to the date of sale by publication in a newspaper of general circulation circulating in the district inviting sealed bids in such manner as the board shall prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board may reject all bids received, if any, and either readvertise or sell the bonds at private sale.(Amended by Stats. 1970, Ch. 245.)
CA Pub Util Code § 13151.11 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.11.

13151.11.  The board may provide for the issuance of interim receipts or of temporary bonds, in such form as the board may prescribe, pending the issuance of definitive bonds.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.12 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.12.

13151.12.  The board may provide for any signatures to such bonds and to any coupons thereto attached, and to any interim receipts and temporary bonds, being by facsimile.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.13 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.13.

13151.13.  The board may provide for restrictions on the incurring of additional indebtedness of the district payable out of the revenues out of which the bonds then authorized are to be payable.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.14 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.14.

13151.14.  The board may provide for restrictions on future transfers out of the revenues out of which the bonds then authorized are to be payable.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.15 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.15.

13151.15.  The board may provide for covenants with the holders of bonds to the same effect as set forth in Article 7 of this chapter, which covenants shall not be subject to alteration or repeal, except as in Article 8 of this chapter provided.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.16 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.16.

13151.16.  The board may provide for the issuance and distribution in such form as the board may determine of official statements respecting proposed issues of bonds and the properties, operations and finances of the works on account of which such bonds are to be issued, for the information of prospective purchasers of such bonds; and, in any case where any proposition is to be submitted to the voters for their assent, whether by referendum or pursuant to any provision of this chapter, for the issuance, distribution, dissemination and publication of factual statements respecting such proposed issues of bonds, and such properties, operations and finances, for the information of such voters.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13151.17 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13151.17.

13151.17.  The board may provide for the making of contracts, or the placing of orders, for the engraving or printing of any bonds, whether definitive or temporary, or of interim receipts, authorized by this chapter, or for any printing incident to the offering or issuance of any such bonds, without advertising for bids, in any case where, because of limitations of time, or requirements as to quality of work, or as to security in the control or custody of plates, or any similar cause, the board may deem it to be in the public interest so to do, anything in this division to the contrary notwithstanding, but in so doing the board shall, if practicable, obtain or cause to be obtained competitive bids, formal or informal, from bidders who can perform work of the required quality within the required time, and, in the case of engraving, who are of proper responsibility and who have adequate facilities for the control and safekeeping of the engraved plates.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13152 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 9 - Form and Content|Section 13152.

13152.  Each issue of bonds issued pursuant to this chapter shall conform to the following requirements:(1) Such bonds shall be serial bonds or sinking fund bonds, or a combination of serial and sinking fund bonds.(2) Provision shall be made for the retirement of such bonds through annual payments on principal, and such payments shall begin not more than 10 years, and end not more than 20 years, after the date of such bonds.(Added by Stats. 1957, Ch. 2237.)
CA Pub Util Code § 13161 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 10 - Validity|Section 13161.

13161.  Prior to the issue of any bonds to be issued pursuant to this chapter, the board, after satisfying itself respecting the relevant facts, shall, by resolution, find and determine—(1) The amount of earned surplus derived from the operation of the electric system of the district to which the revenues out of which such bonds are to be payable pertain, as of the end of the last fiscal year which ended not less than four months prior to the making of such finding and determination, and that the ascertainment of such earned surplus has been in accordance with the then current accounting practice of the district; provided, however, that such finding and determination need not be made in the case of the authorization of refunding bonds, or in any case where the voters have assented to the issuance of bonds in excess of the limitation specified in this chapter.(2) The amount of bonds issued under this chapter which are outstanding at the time of the adoption of such resolution.(3) That the resolution or resolutions authorizing such issue of bonds in all respects conforms or conform with the provisions of this chapter.(4) That the indebtedness to be evidenced by such issue of bonds, together with all other indebtedness of the district, pertaining to the electric system for or on account of which such bonds are to be issued, is within every debt or other limit prescribed by the Constitution and statutes of the State of California.(5) That upon the issuance of such bonds any and all acts, conditions and things required to exist, to happen and to be performed, precedent to and in the issuance thereof, will exist, will have happened and will have been performed, in due time, form and manner, as required by the Constitution and statutes of the State of California.(Amended by Stats. 1962, 1st Ex. Sess., Ch. 6.)
CA Pub Util Code § 13162 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 6 - MUNICIPAL UTILITY DISTRICT ACT|CHAPTER 6.5 - Electric System Improvements|ARTICLE 10 - Validity|Section 13162.

13162.  The board may also, by resolution, find and determine any other facts relevant to the legality of the issue.(Added by Stats. 1957, Ch. 2237.)