California § 13151.5. 13151.5. (Added by Stats. 1957, Ch. 2237.)

California Statutes

§ 13151.5. — 13151.5. (Added by Stats. 1957, Ch. 2237.)

California § 13151.5.

JurisdictionCalifornia

Code PUCPublic Utilities Code - PUC

Div. 6.DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT

Ch. 6.5.CHAPTER 6.5. Electric System Improvements

Art. 9.ARTICLE 9. Form and Content

This text of California § 13151.5. (13151.5. (Added by Stats. 1957, Ch. 2237.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Public Utilities Code - PUC Code § 13151.5. (2026).

Text

The board may provide for such bonds being redeemable, either at the option of the district, or in the operation of any sinking fund provided for the issue, at such price or prices and in such manner as the board may determine, whether or not involving the payment of a premium upon such redemption; provided, that no bond shall be subject to redemption unless such bond at the time of its issue states on its face that it is redeemable at the option of the district or by the operation of a sinking fund for bonds of that issue, as the case may be.

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The board may provide for such bonds being redeemable, either at the option of the district, or in the operation of any sinking fund provided for the issue, at such price or prices and in such manner as the board may determine, whether or not involving the payment of a premium upon such redemption; provided, that no bond shall be subject to redemption unless such bond at the time of its issue states on its face that it is redeemable at the option of the district or by the operation of a sinking fund for bonds of that issue, as the case may be.