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HomeGovernment CodeDiv. 6Ch. 1§ 5007 Bond Registration Authorization Rules

§ 5007 Bond Registration Authorization Rules

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 5007 Bond Registration Authorization Rules

Key Takeaways

  • •Local governments can decide how to register bonds they issue.
  • •They can choose different ways to register bonds, like with names or without.
  • •They can change how bonds are registered later if needed.
  • •The rules for registering bonds can be different from other laws.

Example

A city wants to borrow money by selling bonds to build a new park.

The city can decide if the bonds will have the owner's name on them or not. They can also change this later if they want. For example, if they first sell bonds without names, they can later switch them to have names if it helps them keep track better.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 5007 Bond Registration Authorization Rules

Any legislative or governing body which authorizes the issuance of bonds of any county, city and county, city, municipal corporation, public district, public authority or other public corporation may, in its ordinance, resolution or order providing for the issuance of such bonds, make any provision for or pertaining to the registration of such bonds, which provisions may be different from or supplemental to the provisions of this chapter or any other law pertaining to registration and which may include, but are not limited to, provisions for the original issuance of all or some of such bonds in registered form, for the subsequent registration of any bond issued in coupon form or payable to bearer, for the form and manner of registration, for registration as to principal only or as to both principal and interest, for changes from one type of registration to another type of registration, for the discharge from registration of any registered bond and for its conversion or reconversion into a coupon bond or bond payable to bearer, for the signature or signatures to be affixed to any new coupons or any new bond issued to accomplish such conversion or reconversion, and for the payment of expenses of registration or of change in or discharge from registration. As used in this section the term “bonds” shall include bonds, warrants, notes and other evidences of indebtedness. (Added by Stats. 1963, Ch. 737.)

Last verified: January 22, 2026

Key Terms

registrationcorporationbondsresolutionordinanceissuanceauthority

Related Statutes

  • § 50077 Local Special Tax Approval
  • § 52080 County Authority Commissioner Appointments
  • § 53060 Public Contracting For Specialized Services
  • § 53075.53 San Francisco Taxicab Regulations
  • § 91520 Public Agency Revenue Bonds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 5007.
View Official Source