California Statutes
§ 31651. — 31651. (Added by Stats. 1949, Ch. 274.)
California·Code WAT Water Code - WAT·Div. 12. DIVISION 12. COUNTY WATER DISTRICTS·Part 7. PART 7. TAXES·Ch. 1. CHAPTER 1. General Provisions·Art. 1. ARTICLE 1. In General
If the maturity of the indebtedness created by an issue of bonds begins more than one year after the date of issuance, a tax shall be levied and collected pursuant to this part annually sufficient to pay the interest on the indebtedness as it falls due and also to constitute a sinking fund for the payment of the principal of the bonds on or before maturity.
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California § 31651. (31651. (Added by Stats. 1949, Ch. 274.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1949, Ch. 274.