When any bonds are sold by the district, the treasurer shall deliver the bonds purchased to the purchaser upon receiving the purchase price of said bonds plus the accrued interest on said bonds and the premium, if any, bid by the purchaser.
Cal. Water Code § 35998
Sale and Exchange of Bonds
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Amended by Stats. 1955, Ch. 1329.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.