California Water Code

§ 36303

WAT § 36303Div. 13 · Part 6 · Ch. 4 · Art. 1

Statute text

The board may, in the resolution authorizing the issuance of revenue bonds, provide that the bonds or any part thereof shall be subject to call and redemption before maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the revenue bonds so subject to redemption.

Legislative history

Added by Stats. 1951, Ch. 1756.