If the modification or modified refunding plan provides for the extension of the time of maturity of all or any of the refunding bonds, the district in lieu of issuing new refunding bonds may indorse upon the face of the refunding bonds extended the new date of their maturity and attach to them new interest coupons to evidence interest payments to become due to the extended date of maturity of the refunding bonds.
Cal. Water Code § 25117
Unauthorized Refunding Modification
Known as the Irrigation District Law
The act spans §§ 20500–29978 (1,017 sections).
Added by Stats. 1943, Ch. 372.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.