Water Code - WAT
DIVISION 13. CALIFORNIA WATER DISTRICTS [34000 - 38501]
( Division 13 added by Stats. 1951, Ch. 390. ) PART 6. FINANCIAL PROVISIONS [35900 - 36458.1]
( Part 6 added by Stats. 1951, Ch. 390. ) CHAPTER 4. Provisions Relating to Revenue Bonds Only [36300 - 36368]
( Chapter 4 added by Stats. 1951, Ch. 390. ) ARTICLE 1. Bond Issuance [36300 - 36305]
( Article 1 added by Stats. 1951, Ch. 390. ) 36303.
The board may, in the resolution authorizing the issuance of revenue bonds, provide that the bonds or any part thereof shall be subject to call and redemption before maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the revenue bonds so subject to redemption.
(Added by Stats. 1951, Ch. 1756.)