California Water Code ARTICLE 4 - Sale of Bonds

• Section 9440.
  The State Treasurer shall receive and place the bonds to the credit of the drainage district, and shall when and as directed by the board...
• Section 9441.
  The bonds shall not be sold for less than 95 per cent of their face value and the accrued interest thereon.(Added by Stats. 1943, Ch.
• Section 9442.
  Before making a sale of any of the bonds, notice shall be given by the State Treasurer that he will sell a specified amount of...
• Section 9443.
  The notice shall state that sealed proposals will be received by him for the purchase of the bonds or any part thereof at the day...
• Section 9444.
  The notice shall be given by publication once a week for three successive weeks in a newspaper of general circulation published in the City of...
• Section 9445.
  At the time and place appointed in the notice the State Treasurer shall open the bids and shall award the purchase of the bonds or...
• Section 9446.
  If the highest bid is not equal to par and accrued interest the State Treasurer shall notify the board of the amounts of the highest...
• Section 9447.
  At any time before all the bonds held by the State Treasurer have been sold by him, the board may:(a) Draw upon the State Treasurer for,...
• Section 9448.
  In making payments in bonds, the board shall draw orders upon the State Treasurer payable in bonds to the amount therein named.(Added by Stats. 1943,...
• Section 9449.
  The orders shall be countersigned by the Controller and shall be paid with bonds by the State Treasurer upon presentation to the amount therein provided...
• Section 9450.
  In drawing any order upon the State Treasurer payable in bonds, the board may specify the maturity of the bonds which are to be delivered...

Last modified: October 22, 2018