A district may exchange its construction bonds for any property or interest in property which the district might acquire with the proceeds of the bonds, if sold, or for the capital stock of any corporation owning the property, upon terms the board deems best.
Cal. Water Code § 25334
Bond Issuance
Known as the Irrigation District Law
The act spans §§ 20500 to 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.