California Water Code

§ 55703

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

WAT § 55703Div. 16 · Part 4 · Ch. 3

Statute text

View on leginfo.ca.gov

If the maturity of the indebtedness created by the issue of the bonds is made to begin more than one year after the date of issue, the tax shall be levied and collected each year, sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal on or before maturity.

Legislative history

Added by Stats. 1953, Ch. 155.