California Government Code

§ 26439

GOV § 26439Div. 2 · Title 3 · Part 2 · Ch. 15 · Art. 2

Statute text

Bonds may be callable upon such terms, conditions, and upon such notice as the board may determine, and upon the payment of the premium fixed by the board in the proceedings for the issuance of the bonds. No bond is subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on the face of the bond.

Legislative history

Added by Stats. 1947, Ch. 822.