California Statutes
§ 22960. — 22960. (Added by Stats. 1943, Ch. 686.)
California·Code WAT Water Code - WAT·Div. 11. DIVISION 11. IRRIGATION DISTRICTS·Part 5. PART 5. POWERS AND PURPOSES·Ch. 5. CHAPTER 5. Provisions Pertaining Only to 500,000-Acre Districts·Art. 6. ARTICLE 6. Miscellaneous Provisions
Every district by its board may, in addition to other powers, borrow funds for any lawful purpose at an interest rate not exceeding 5 per cent per year and issue warrants therefor payable at future dates. No election authorizing such borrowing or issuance of warrants need be held but the principal amount of such indebtedness unpaid at any time shall not exceed two hundred thousand dollars ($200,000).
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California § 22960. (22960. (Added by Stats. 1943, Ch. 686.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1943, Ch. 686.