California Water Code

§ 24769

WAT § 24769Div. 11 · Part 8 · Ch. 5 · Art. 2

Statute text

If the agreement or plan provides for a reduction in the rate of interest on the bonds or warrants before the original time or times of their maturity, new coupons shall be attached to the bonds or warrants to evidence the reduced interest. Any old coupons evidencing the interest originally provided shall be detached by the secretary from the bonds or warrants and canceled.

Legislative history

Added by Stats. 1943, Ch. 372.