California Public Utilities Code 22777 – The board of supervisors shall issue the district bonds in the number …
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The board of supervisors shall issue the district bonds in the number and amount specified in the bond proceedings. The board of supervisors shall provide that the bonds are payable out of the interest and sinking fund of the district, naming the fund, and that the money for redemption of the bonds and payment of the interest shall be raised by taxation upon the taxable property in the district.
(Added by Stats. 1953, Ch. 151.)
Terms Used In California Public Utilities Code 22777
- board of supervisors: means the board of supervisors of the principal county. See California Public Utilities Code 22701