California Water Code ARTICLE 2 - Payment and Purchase of Bonds

• Section 24500.
  Upon presentation of any matured bond of the district, the treasurer shall pay it from the bond principal fund.(Added by Stats. 1943, Ch. 372.)
• Section 24501.
  Upon presentation of any matured interest coupon of any bond of the district, the treasurer shall pay it from the bond interest fund.(Added by Stats....
• Section 24503.
  If the principal or interest of any bonds is payable from any special or sinking fund, it shall be payable from that fund.(Added by Stats....
• Section 24504.
  If money is not available in the fund designated for the payment of any matured bond or interest coupon, it shall draw interest at the...
• Section 24504.1.
  In the case of any district described in Section 20560.1 with respect to construction bonds issued for purposes of financing the works described in that...
• Section 24505.
  A bond presented but not paid shall be stamped and provision made for its payment as in the case of a warrant payable on demand...
• Section 24506.
  Whenever there is in any fund of the district money in excess of that required for the purposes of the fund up to the time...
• Section 24507.
  Bonds so purchased may be canceled or held as a part of the district assets until the board determines that it is for the best...

Last modified: October 22, 2018