There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]
ARTICLE 3. Transfer or Deposit of Bonds
Section 44056
CA Water Code § 44056 (through 2012 Leg Sess) What's This?
The bonds may:
(a) Call for the payment of interest not exceeding 6 percent per year.
(b) Be of the denomination specified in the contract.
(c) Call for the repayment of the principal at such times as specified in the contract.
(Added by Stats. 1951, Ch. 391.)
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