The bonds may be issued and sold for not less than their par value, but otherwise as the board determines.
Cal. Pub. Util. Code § 13261
Issue and Sale
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Enacted by Stats. 1951, Ch. 764.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.