Skip to content

Division 2 — Financing Projects

§ 28-11. Security for loans.

Cypress Planning Code · 2026-07 edition · updated 2026-07-25 · Cypress

The city is hereby authorized to hold deeds of trust or mortgages or security interests in personal property as security for loans and other obligations authorized by this article and to pledge or assign the same as security for repayment of bonds. Such deeds of trust, mortgages or security interests, or any other interest of the city in any project, may be assigned to, and held on behalf of the city by, any bank or trust company appointed to act as trustee by the city in any resolution or indenture providing for issuance of bonds.

(Ord. No. 729, § 1, 6-11-84)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸ Contents — Cypress Planning Code
Cypress Planning Code
  1. Chapter 25
  2. Chapter 28
  3. Division 1 — Generally
  4. ▸ Division 2 — Financing Projects
    Overview
    1. § 28-6. Loans for projects.
    2. § 28-7. Sale or lease of project by city.
    3. § 28-8. Loan agreements.
    4. § 28-9. Fees.
    5. § 28-10. Rents and charges.
    6. § 28-11. Security for loans.
    7. § 28-12. Employment of experts and consultants.
    8. § 28-13. Public works requirements inapplicable.
    9. § 28-14. Additional powers.
    10. § 28-15. Rules and regulations.
    11. § 28-20. Issuance of bonds.
    12. § 28-21. Bonds not debt of city.
    13. § 28-22. Type, form and sale of bonds.
    14. § 28-23. Trust indenture to secure bonds.
    15. § 28-24. Terms of resolution or indenture.
    16. § 28-25. Security for the bonds.
    17. § 28-26. Insurance or guarantee of payment.
    18. § 28-27. No personal liability.
    19. § 28-28. Refunding bonds.
    20. § 28-29. Pledge of revenues, money or property.
    21. § 28-30. Purchase of bonds by city.
    22. § 28-31. Actions by bondholders.
    23. § 28-32. Bond anticipation notes.
    24. § 28-39 Division 4 Applications
  5. Division 4 — Applications
  6. Division 5 — Supplemental Provisions

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.