Prior to the preparation of definitive bonds the board may issue temporary bonds of any denomination and with or without coupons and subject to the same restrictions imposed upon the issuance of definitive bonds. Temporary bonds shall be exchangeable for definitive bonds upon the issuance of the latter.
Cal. Sts. & High. Code § 27243
Issuance of District Bonds and Disposition of Surplus Proceeds
Known as the Bridge and Highway District Act
The act spans §§ 27000–27567 (174 sections).
Added by Stats. 1943, Ch. 286.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.