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 3. Sale [52550 - 52561]
( Article 3 added by Stats. 1951, Ch. 336. ) 52556.
The proceeds of the sale of refunding bonds shall be placed in the county treasury to the credit of the bond fund, and used only in payment of the principal of the outstanding bonds to be refunded by the refunding bonds so sold.
(Added by Stats. 1951, Ch. 336.)