2007 California Water Code Article 3. Bondholders\' Assent To Exclusion

CA Codes (wat:48055-48057)

48055.  If there are outstanding bonds of the district at the time
of the filing of the exclusion petition, the holders of the
outstanding bonds may give their assent, in writing, to the effect
that they severally consent that the land mentioned in the petition,
or such portion thereof as may be excluded from the district by order
of the board, may be excluded from the district.  If the land or any
portion thereof is thereafter excluded from the district, the land
so excluded is released from the lien of such outstanding bonds.



48056.  The assent shall be acknowledged by the several holders of
the bonds, and the acknowledgment shall have the same force and
effect as evidence as the acknowledgment of a conveyance of real
property.


48057.  The assent shall be filed with the board and be recorded in
its minutes.  The minutes, or a copy thereof, certified by the board,
shall be admissible in evidence with the same effect as the assent.
The certified copy may be recorded in the office of the county
recorder of the county wherein the land is situated.