2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
PART 8. BRIDGE, FERRY, WHARF, CHUTE, AND PIER CORPORATIONS
Section 14352

The president and secretary of every bridge, ferry, wharf, chute, or pier corporation shall annually, under oath, report to the board of supervisors, or other governing body having authority in that behalf, of the county in which the articles of incorporation are filed all of the following:

(a) The cost of constructing and providing all necessary appendages and appurtenances for its bridge, ferry, wharf, chute, or pier.

(b) The amount of all moneys expended thereon, since its construction, for repairs and incidental expenses.

(c) The amount of its capital stock, how much paid in, and how much actually expended thereof.

(d) The amount received during the year for tolls, and from all other sources, stating each separately.

(e) The amount of dividends made, and the indebtedness of the corporation, specifying for what it was incurred.

(f) Other facts and particulars respecting the business of the corporation, as the board of supervisors or other governing body having authority in that behalf may require.

The president and secretary shall cause this report to be published for four weeks in a daily newspaper published nearest the bridge, ferry, wharf, pier, or chute, if required by order of the board of supervisors or other governing body having authority in that behalf. A failure to make the report subjects the corporation to a penalty of two hundred dollars ($200) and, for every week permitted to elapse after that failure, an additional penalty of fifty dollars ($50), payable in each case to the county from which the authority of the corporation was derived. All these cases shall be reported by the board of supervisors, or other governing body having authority in that behalf, to the district attorney or city attorney, who must commence an action therefor.

(Added by Stats. 1997, Ch. 598, Sec. 4. Effective January 1, 1998.)