Municipal Code, Complete - City of Santa Barbara

Chapter 4.40
REVENUE BONDS
Sections:
4.40.010 Issuance of Revenue Bonds. 4.40.020 Procedure.
4.40.010 Issuance of Revenue Bonds.
The City Council may issue and sell bonds which are payable only and solely out of such revenues, other than
taxes, as may be specified in such bonds and produced or contributed to by the improvement financed by the bonds.
(Ord. 3545 §1(part), 1972.)
4.40.020 Procedure.
The provisions of the Revenue Bond Law of 1941, being Chapter 6, commencing with Section 54300, Part 1,
Division 2, Title 5, of the Government Code of the State of California, as now or hereafter amended, shall apply, as
shall any other provision of California Law, now or hereafter existing, which is applicable, or may be applied, to
bonds issued or to be issued under the Law. No such bonds shall be issued without the assent of a majority of the
voters voting upon the proposition for issuing the same at an election at which such proposition shall have been duly
submitted to the qualified electors of the City, in accordance with Section 1210 of the Santa Barbara City Charter and
the Revenue Bond Law of 1941. (Ord. 4839, 1993; Ord. 3545 §1(part), 1972.)
81 rev. 1/4/94