2007 California Water Code Article 2. Demand Warrants

CA Codes (wat:53020-53023)

53020.  Demand warrants may be in substantially the following form:



                             Face
    No. _____                                      $______
               Office of the Board of Trustees of
                Reclamation District No. _______

   The Treasurer of ____ County will pay to the order of ____ out of
Reclamation District No. ____ fund the sum of ____ dollars ($____)
for ____ allowed by the board of trustees of said Reclamation
District No. ____.


                               ___________________________________
                               ___________________________________
                               ___________________________________
                                                      Trustees

    Attest:
    _________________________
                 Secretary

      Reverse

   When registered this warrant bears interest at the rate of __
percent per year, computed from the date of registration hereof.
   This warrant will outlaw and cannot legally be paid four years
after date, unless it is payable by its terms at a future date.
   Pay to ____ or order ____.
   Presented for payment but not paid for want of funds, this ____
day of ____, 19__.


                     ______________________________________
                           Treasurer of ______ County




53021.  Demand warrants shall be presented to the county treasurer,
and, if not paid on presentation, shall be registered and an
endorsement of nonpayment made thereon.



53022.  Demand warrants not paid on presentation shall bear interest
from date of registration at the rate adopted by the board, pursuant
to Section 53300.


53023.  Demand warrants registered for nonpayment shall be paid by
the county treasurer either in the order of registration or in the
order agreed to, in writing, by all of the holders of the district's
outstanding demand warrants, if the county treasurer approves the
agreement.