Code Section

Water Code - WAT

DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901]

  ( Division 15 added by Stats. 1951, Ch. 336. )
  

PART 8. BONDS AND REFUNDING BONDS [52100 - 52862]

  ( Part 8 added by Stats. 1951, Ch. 336. )
  

CHAPTER 3. General Refunding Bonds [52500 - 52602]

  ( Chapter 3 added by Stats. 1951, Ch. 336. )
  

ARTICLE 1. Issuance and Form [52500 - 52510]
  ( Article 1 added by Stats. 1951, Ch. 336. )

  
52506.  

The principal of the refunding bonds shall not exceed 110 percent of the principal amount of the bonds to be refunded.

(Added by Stats. 1951, Ch. 336.)