Cal. Health & Safety Code § 4792

Bonds

Applied in 1 court decision — leading case 21 Cal. App. 3d 719 - O'Keefe v. Atascadero County Sanitation District (1971)

Most recently applied in 21 Cal. App. 3d 719 - O'Keefe v. Atascadero County Sanitation District (December 1971)

Enacted by Stats. 1939, Ch. 60.

The board may issue and sell the bonds of the district at not less than par value, and the proceeds shall be placed in the treasury of the county.

All premiums and accrued interest received shall be paid into the fund to be used for the payment of principal and interest on the bonds and the remainder of the proceeds of the sale shall be paid into the construction fund of the district, and proper records of the transactions shall be placed upon the books of the treasurer.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.