Code Section Group

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 6. Callable Bonds [45800 - 45804]
  ( Chapter 6 added by Stats. 1959, Ch. 1137. )

45800.
  

A district may by resolution of its board adopted at or prior to the time of issuing any bonds then proposed to be issued, provide for the call and redemption prior to their fixed maturity of any of the bonds.

(Added by Stats. 1959, Ch. 1137.)

45801.
  

Bonds may be made subject to redemption prior to their fixed maturity at such times and prices, and upon such terms and conditions as the board may determine and set forth in the resolution.

(Amended by Stats. 1967, Ch. 36.)

45802.
  

Notice designating the bonds called for redemption shall be published once a week for three successive weeks in a newspaper of general circulation printed and published in the office county.

(Added by Stats. 1959, Ch. 1137.)

45803.
  

The first publication of the redemption notice shall be not less than 30 days nor more than 90 days prior to the date fixed for redemption.

(Added by Stats. 1959, Ch. 1137.)

45804.
  

If on the date fixed for redemption the district has provided funds available for the payment of the principal and interest of the bonds called, interest on them ceases.

(Added by Stats. 1959, Ch. 1137.)

WATWater Code - WAT