California Water Code

§ 55588

WAT § 55588Div. 16 · Part 4 · Ch. 2 · Art. 3

Statute text

Refunding bonds may be exchanged at par value for any outstanding bonds to be refunded at their par value or less, upon such terms as may be agreed upon by the board and the holders of such bonds, subject to adjustment of accrued interest to the date of exchange. Any moneys required for the adjustment of interest may be paid from any funds of the district.

Legislative history

Added by Stats. 1953, Ch. 155.