Water Code - WAT
DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901]
( Division 15 added by Stats. 1951, Ch. 336. ) PART 9. WARRANTS [53000 - 53342]
( Part 9 added by Stats. 1951, Ch. 336. ) CHAPTER 1. Issuance, Registration and Payment [53000 - 53093]
( Chapter 1 added by Stats. 1951, Ch. 336. ) ARTICLE 3. Time Warrants [53040 - 53049]
( Article 3 added by Stats. 1951, Ch. 336. ) 53042.5.
Time warrants may be issued for more than the amount set forth in Section 53042 and with a maturity longer than five years, provided that a special election is held pursuant to Chapter 3 (commencing with Section 50800) of Part 4 of this division, at which election the principal amount and maturity of such warrants and the purpose for which they are issued are approved by a majority of the votes cast.
(Added by Stats. 1978, Ch. 1108.)