California Statutes
§ 50901. — 50901. (Amended by Stats. 1951, Ch. 681.)
California·Code WAT Water Code - WAT·Div. 15. DIVISION 15. RECLAMATION DISTRICTS·Part 5. PART 5. DISTRICT POWERS AND DUTIES·Ch. 1. CHAPTER 1. General Powers
If a district is in debt it has no power to impair or destroy any of its indebtedness without the consent of the creditors, but it may make any arrangement with the creditors for the surrender of such indebtedness at less than par, and may levy an assessment on the lands in the district for the payment thereof.
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California § 50901. (50901. (Amended by Stats. 1951, Ch. 681.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1951, Ch. 681.