Title GOV — California Gov. Code

The president shall: (a) Sign all contracts on behalf of the authority. (b) Perform other duties imposed by the commission.

The clerk shall: (a) Countersign all contracts on behalf of the authority. (b) Perform other duties imposed by the commission.

The manager, subject to the approval of the commission, shall: (a) Have full charge and control of the acquisition, maintenance, operation, improvement and disposal of the property of the authority. (b) Have full power and authority to employ and discharge all employees and assis…

Where the local agency has established or establishes by ordinance a personnel system, merit system or civil service system, the authority and the commission shall incorporate by reference for their own officers and employees the identical system utilized by the local agency.

The treasurer shall install and maintain a system of auditing and accounting that shall completely and at all times show the financial condition of the authority.

An authority shall be managed under the provisions of this chapter and may exercise the powers therein expressly granted or necessarily implied therefrom.

Each authority has the power generally to perform all acts necessary to carry out fully the provisions of this chapter.

An authority has perpetual succession.

An authority may adopt a seal and alter it at pleasure.

An authority may make contracts to carry out the purposes of the authority.

An authority may have construction or other work performed by contract or may otherwise do the work in the manner provided for the local agency.

The authority may: (a) Sue and be sued, have a seal, and make and execute contracts and other instruments necessary or convenient to the exercise of its powers. (b) Make, and from time to time amend and repeal, regulations not inconsistent with this chapter to carry into effect t…

The authority may: (a) Purchase, lease, obtain option upon, acquire by contract or grant, any real property as defined in Section 40517 or personal property within or contiguous to the local agency, or any interest in, or improvements on, such property. (b) Sell, lease, exchange,…

The authority shall not be bound by any contract made by the local agency with respect to acquisition or disposition of property which was concluded by the local agency prior to the date on which the authority is authorized to transact business and exercise its powers.

The authority may enter into a contract and otherwise co-operate with any federal agency or other federal officer, pursuant to the Federal Property and Administration Services Act of 1949 or other act of the Congress of the United States, by the terms of which the authority may a…

The authority may enter into a contract for the purchase of said property over a period of years, not to exceed 40.

The authority may obligate itself to pay the purchase price or installments thereof, in the manner and to the extent required under federal law.

All revenues and income received from the sale or operation of said property, after providing for administration, maintenance and operation costs, shall be used and may be pledged to pay the principal of the purchase price and the interest to accrue thereon, or any bonds issued b…

The authority may enter into leases or contracts of sale of said properties or any part thereof for such periods of time as it deems will beneficially serve any requirements of the contract of purchase, not to exceed 99 years.

The commission may, and, if required by any federal law, shall, cause the validity of its existence, or the right of any of its officers to perform their duties, or the validity of any contract, or of any bonds issued by it therefor, or of any other of its acts or proceedings, to…

The action provided in Section 40575 shall be brought against all persons, pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.

No contest of any thing or matter provided in this article shall be made other than in the time and manner herein specified.

In any such action all findings of fact or conclusions of the commission upon all matters shall be conclusive unless the action was instituted within six months after the finding or conclusion was made.

Pursuant to this chapter an authority may create a revenue bond indebtedness for the acquisition and construction of any improvements or property or facilities contained within its powers.

Proceedings for the issuance of the bonds shall be had, the commission shall have such powers and duties, and the bondholders shall have such rights and remedies, all in substantial accordance with, and with like legal effect, as provided in Chapter 6 (commencing with Section 543…

The clerk shall publish the revenue bond ordinance once in a newspaper of general circulation published in the city, city and county, or county and if there is none, then in such newspaper of general circulation as the authority may deem most likely to give notice to the resident…

The revenue bond ordinance shall specify the total amount, denomination, method of maturity, and the rate or maximum rate of interest of said bonds, and in general terms, the acquisitions and improvements to be constructed thereby; and, in addition, shall contain such other and f…

The commission may pledge all or any part of the revenues which shall be derived by it from the sale and leasing of property.

It is the intention of this chapter that the authority shall pay all of the costs that it may incur from revenues derived from the sale, leasing and operation of the property.

The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient: (a) To pay the costs of administration and operation of the authority; (b) To pay the costs of maintaining, operating and improving its properties; (c) To pay t…