California Water Code 11781 – In the event the bonds cannot be purchased at a price satisfactory to …
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In the event the bonds cannot be purchased at a price satisfactory to the department and are not by their terms callable prior to maturity such surplus shall be paid into the fund applicable to the payment of principal and interest of the bonds and shall be used for that purpose.
(Amended by Stats. 1957, Ch. 1932.)
Terms Used In California Water Code 11781
- 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