Code Section

Water Code - WAT

DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]

  ( Division 14 added by Stats. 1951, Ch. 391. )
  

PART 8. BONDS [45100 - 45932]

  ( Part 8 added by Stats. 1951, Ch. 391. )
  

CHAPTER 3. Bond Issuance [45400 - 45408]
  ( Chapter 3 added by Stats. 1951, Ch. 391. )

  
45402.  

The board may divide the principal amount of any authorized issue of bonds into two or more series, and may fix different dates for the bonds of each series. When directed by resolution of the board, the treasurer shall sell the bonds or any series thereof for the best price obtainable, but in no event for less than 90 percent of the face value of the bonds and accrued interest.

(Amended by Stats. 1967, Ch. 829.)