California Water Code 11751 – Bonds may be sold below the par or face value thereof, but the sale …
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Bonds may be sold below the par or face value thereof, but the sale price shall not be less than 94 percent of the par or face value of the bonds, and the sale price shall include the interest which has accrued thereon up to the date of delivery of the bonds.
(Amended by Stats. 1975, Ch. 828.)
Terms Used In California Water Code 11751
- bonds: means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter. See California Water Code 11700