California Water Code

§ 50901

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

WAT § 50901Div. 15 · Part 5 · Ch. 1

Statute text

View on leginfo.ca.gov

If a district is in debt it has no power to impair or destroy any of its indebtedness without the consent of the creditors, but it may make any arrangement with the creditors for the surrender of such indebtedness at less than par, and may levy an assessment on the lands in the district for the payment thereof.

Legislative history

Amended by Stats. 1951, Ch. 681.