The board may, in the resolution authorizing the issuance of revenue bonds, provide that the bonds or any part thereof shall be subject to call and redemption before maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the revenue bonds so subject to redemption.
Cal. Water Code § 36303
Bond Issuance
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1951, Ch. 1756.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.