California Water Code

§ 74852

WAT § 74852Div. 21 · Part 6 · Ch. 3 · Art. 5

Statute text

The board shall, by a resolution adopted by a majority of its members, prescribe the form of the bonds and of the coupons attached thereto and fix the time when the whole or any part of the principal shall become due and payable. The payment of the first installment may be deferred for a period not longer than five years from the date of the bond.

Legislative history

Added by Stats. 1965, Ch. 75.