SECTIONS 43450-43455

43450.  Pursuant to this article, any city whose corporate limitsinclude or front upon any harbor, bay or estuary, or other navigablewater, whether the tidelands or waterfront is owned or controlled byit or by the State, either in whole or in part, may incur anindebtedness for: (a) The improvement, repair, and maintenance of its harbor. (b) The erection of wharves, piers, seawall, state or municipalrailroad and spurs along the harbor. (c) Betterments, appurtenances, and dredging and filling necessaryin connection with the harbor.43451.  The city may create one or more funds for the payment ofsuch indebtedness. Whether the funds are under the management andcontrol of a state board of harbor commissioners or the managementand control of the city, or any of its officers, boards ordepartments, pursuant to statute or charter of the city, the city mayprovide money for such funds by either or both of the followingmethods: (a) The levy and collection of taxes. (b) The issuance and sale of bonds.43452.  The city may also issue and sell its bonds to provide a fundfor the redemption, cancellation, and retirement of state bondsissued and sold to provide a fund for any improvement or constructionin its harbor.43453.  All provisions of law, or of the charter of the city,relative to the issuance and sale of other city bonds and the modeand manner of calling, holding, and canvassing an electionauthorizing the issuance and sale of such bonds, apply equally to theissue and sale of the bonds authorized by this article and to themode and manner of calling, holding, and canvassing an election withreference to such bonds.43454.  Where by law or charter of the city the management, control,and improvement of the harbor or tidelands is vested in whole or inpart in a state board of harbor commissioners, the city may turn overto the State Board of Harbor Commissioners any funds which itprovides. Such funds shall be used, managed, and controlled by theState Board of Harbor Commissioners for such work of improvement,repair, maintenance, and construction as the city lawfullydesignates.43455.  When any city provides any fund for the redemption,cancellation, or retirement of any state bonds pursuant to thisarticle, the city through its appropriate officers may transfer themoney in the fund to the State Treasurer. Upon its receipt the StateTreasurer shall place the money in the appropriate sinking fund andapply it to the redemption, cancellation, and retirement of suchstate bonds.