2007 California Water Code Chapter 6. Callable Bonds

CA Codes (wat:45800-45804)

45800.  A district may by resolution of its board adopted at or
prior to the time of issuing any bonds then proposed to be issued,
provide for the call and redemption prior to their fixed maturity of
any of the bonds.


45801.  Bonds may be made subject to redemption prior to their fixed
maturity at such times and prices, and upon such terms and
conditions as the board may determine and set forth in the
resolution.



45802.  Notice designating the bonds called for redemption shall be
published once a week for three successive weeks in a newspaper of
general circulation printed and published in the office county.



45803.  The first publication of the redemption notice shall be not
less than 30 days nor more than 90 days prior to the date fixed for
redemption.


45804.  If on the date fixed for redemption the district has
provided funds available for the payment of the principal and
interest of the bonds called, interest on them ceases.