California Statutes
§ 23263. — 23263. (Added by Stats. 1943, Ch. 372.)
California·Code WAT Water Code - WAT·Div. 11. DIVISION 11. IRRIGATION DISTRICTS·Part 6. PART 6. COOPERATION·Ch. 2. CHAPTER 2. Cooperation With United States·Art. 5. ARTICLE 5. Construction of Works for United States
For the purpose of providing the necessary money to carry on the construction work the district may borrow money for a term not exceeding five years at rates of interest, to be fixed by its board, not exceeding 7 per cent per year and issue notes, warrants, or other evidences of indebtedness therefor. The aggregate amount of the indebtedness shall at no time exceed one-half of the total construction cost as provided in the construction contract.
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California § 23263. (23263. (Added by Stats. 1943, Ch. 372.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1943, Ch. 372.