California Water Code ARTICLE 5 - Payment of Principal, Interest and Redemption

• Section 9455.
  The principal of the bonds shall, by an order of the board entered in its minutes, be made payable on the first day of July...
• Section 9456.
  Not less than 10 per cent of the aggregate face value of the bonds shall be payable within 10 years from their date, and not...
• Section 9457.
  The board may call and redeem in their numerical order such an amount of the bonds as it may see fit on any interest date...
• Section 9458.
  To effect such redemption, the board shall cause to be published once each week for two successive weeks, in a newspaper published in the City...
• Section 9459.
  Out of the bond fund of the assessment the State Treasurer shall, on presentation at or after its maturity, pay the holder of each bond...
• Section 9460.
  If any bond or interest coupon has not been presented to the State Treasurer for payment when it becomes due, it shall cease to bear...
• Section 9461.
  The indorsed bond or coupon shall bear interest at the rate expressed in the bond until paid or until funds have been provided in the...

Last modified: October 22, 2018