Bonds issued under this chapter shall be issued without any priority with respect to payment of principal or interest.
Cal. Pub. Util. Code § 13133
Obligation to Bondholders
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Added by Stats. 1957, Ch. 2237.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.