California Statutes
§ 52206. — 52206. (Added by Stats. 1951, Ch. 336.)
California·Code WAT Water Code - WAT·Div. 15. DIVISION 15. RECLAMATION DISTRICTS·Part 8. PART 8. BONDS AND REFUNDING BONDS·Ch. 2. CHAPTER 2. Bonds·Art. 1. ARTICLE 1. Issuance
The bonds shall be payable serially within 20 years from their date, as follows:
(a)Not less than 10 percent of the aggregate face value of bonds issued shall be payable within 10 years from their date.
(b)Not less than 10 percent of the aggregate face value of bonds remaining unpaid at the end of 10 years shall be payable each year beginning with the eleventh (11th) year from their date, until the whole amount of the bonds is paid.
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California § 52206. (52206. (Added by Stats. 1951, Ch. 336.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1951, Ch. 336.