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Division 2 — Financing Projects

§ 28-28. Refunding bonds.

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

The city may issue bonds for the purpose of refunding any bonds then outstanding, including the payment of any redemption premiums thereof and any interest accrued or to accrue to the earliest or any subsequent date or dates of redemption, purchase or maturity of such bonds.

The proceeds of bonds issued for the purpose of refunding any outstanding bonds may, in the discretion of the city, be applied to the purchase or retirement at maturity or redemption of such outstanding bonds, either at their earliest or any subsequent redemption date or dates or upon the purchase or retirement at the maturity thereof and may, pending such application, be placed in escrow, to be applied together with the earnings thereon to such purchase or retirement at maturity or redemption on such date or dates as may be determined by the city.

All bonds issued pursuant to this article shall be subject to the provisions of this article in the same manner and to the same extent as other bonds issued pursuant to this article. (Ord. No. 729, § 1, 6-11-84)

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▸ 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

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