975.2. Whenever the board deems it necessary for the local taxing entity to incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity, it shall by resolution state:(a) The necessity for the indebtedness.(b) The purpose for which the proposed debt is to be incurred.(c) The amount of the proposed debt.(d) The time and place for a hearing by the board on the question whether the local taxing entity should incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity.(Added by Stats. 1963, Ch. 1715.)
California Legal Code