California § 55522. 55522. (Amended by Stats. 1959, Ch. 69.)

California Statutes

§ 55522. — 55522. (Amended by Stats. 1959, Ch. 69.)

California § 55522.

JurisdictionCalifornia

Code WATWater Code - WAT

Div. 16.DIVISION 16. COUNTY WATERWORKS DISTRICTS

Part 4.PART 4. FINANCIAL PROVISIONS

Ch. 2.CHAPTER 2. Bonds

Art. 1.ARTICLE 1. Issuance and Sale

This text of California § 55522. (55522. (Amended by Stats. 1959, Ch. 69.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Water Code - WAT Code § 55522. (2026).

Text

The board shall designate an amount, not less than one-fortieth of the principal amount of the indebtedness, or series thereof, which shall be paid annually at a fixed time and place, together with the interest on all sums unpaid. The rate of interest shall be designated in the bonds and shall be paid semiannually at a rate not in excess of 8 percent per year; except that interest for the first year after the date of the bonds may be made payable at the end of said year.

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The board shall designate an amount, not less than one-fortieth of the principal amount of the indebtedness, or series thereof, which shall be paid annually at a fixed time and place, together with the interest on all sums unpaid. The rate of interest shall be designated in the bonds and shall be paid semiannually at a rate not in excess of 8 percent per year; except that interest for the first year after the date of the bonds may be made payable at the end of said year.

Legislative History

Amended by Stats. 1959, Ch. 69.

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California § 55522., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/55522..