If the bond election proceedings have been limited to and have applied only to an improvement district, the bonds are bonds of the district, shall be issued in the name of the district, and shall be designated “Bonds of ____ Municipal Water District for Improvement District No. ____.” Each bond and all interest coupons thereof shall state that taxes levied for the payment thereof will be levied exclusively upon the taxable property in the improvement district.
Cal. Water Code § 71958
Issuance and Terms
Known as the Municipal Water District Law
The act spans §§ 71000 to 73001 (528 sections).
Added by Stats. 1963, Ch. 156.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.