California Water Code CHAPTER 4 - Bond Terms

• Section 45550.
  The bonds shall be in such denominations as the board may prescribe.(Amended by Stats. 1967, Ch. 36.)
• Section 45551.
  The bonds shall be signed by the president and attested by the treasurer.(Added by Stats. 1951, Ch. 391.)
• Section 45552.
  The bonds shall be numbered consecutively in order of their maturity. If the bonds are issued in two or more series, each series shall be...
• Section 45553.
  The bonds or any series thereof shall bear interest at a rate not to exceed 8 percent per year payable annually or semiannually as may...
• Section 45554.
  Coupons for each installment of interest shall be attached to the bonds and shall bear the facsimile signature of the treasurer.(Added by Stats. 1951, Ch.
• Section 45555.
  The principal of the bonds or any series thereof shall be made payable on such dates, in such years and at such places as the...
• Section 45556.
  The bonds or any series thereof shall be payable within 40 years from their date, and not less than 10 percent of the aggregate face...
• Section 45557.
  The bonds shall be in such form as may be prescribed by the board.(Amended by Stats. 1969, Ch. 1086.)
• Section 45558.
  The interest coupons shall be in such form as may be prescribed by the board.(Amended by Stats. 1969, Ch. 1086.)
• Section 45559.
  When bonds are made callable, a statement to that effect shall be set forth on the face of the bond.(Added by Stats. 1959, Ch. 1137.)
• Section 45560.
  The board may determine to establish a bond reserve fund for the payment of the principal of or interest on the bonds. Such a bond...

Last modified: October 22, 2018