Plan A and B bonds.
San José Municipal Code § 14.16.1410
in effect14.16.1410 - Plan A and B bonds.
When such bonds are to be issued pursuant to Plans A or B of Parts 4 through 7 of this chapter, then, upon the final confirmation of said assessment and diagram, proceedings shall be had in the following order:
A. The city clerk shall attach to the assessment and diagram a certified copy of the resolution of final confirmation of same, which certificate shall state the date of adoption of said resolution;
B. The city clerk shall cause to be, and the superintendent of streets shall, record the said assessment and diagram in the office of said superintendent of streets;
C. The superintendent of streets, during the ensuing thirty days, shall demand of the owners of property within the assessment district and receive payment of their several assessments;
D. The city treasurer shall create a special fund in which shall be deposited all moneys collected on said assessment;
E. Forthwith upon the expiration of said thirty-day period, the superintendent of streets shall make a statement of payments received, and attach the same at the end of the record of the assessment and diagram.
F. Outstanding bonds and coupons of consenting or other bondholders may be acquired and cancelled, from time to time, from the money collected upon the readjustment assessment, in accordance with the plan therefor as approved. When the plan of payment or exchange has been consummated, and provision has been completed for payment of the bonds of nonconsenting bondholders, then all remaining outstanding bonds so acquired, and all unpaid assessments levied to pay the principal or interest thereof, and all penalties, costs and interest thereon, shall be cancelled by the proper officers, and the district or districts created for the payment of same shall be deemed dissolved.
(Prior code §§ 2600.96 - 2600.102.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT14PUWOIM_CH14.16IMPRCO_PT10ASREBORE_14.16.1410PLBBOFetched: 11/1/2026