It is the intent of the Legislature that no district shall be disincorporated until all bonded indebtedness shall have been fully paid, and by the word “indebtedness” as used herein is meant all indebtedness other than said bonded indebtedness unless the latter is expressly used.
Cal. Water Code § 60449
Disincorporation
Known as the Water Replenishment District Act
The act spans §§ 60000–60622 (238 sections).
Added by Stats. 1955, Ch. 1514.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.