There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]
CHAPTER 3. Bond Issuance
Section 45402
CA Water Code § 45402 (through 2012 Leg Sess) What's This?
The board may divide the principal amount of any authorized issue of bonds into two or more series, and may fix different dates for the bonds of each series. When directed by resolution of the board, the treasurer shall sell the bonds or any series thereof for the best price obtainable, but in no event for less than 90 percent of the face value of the bonds and accrued interest.
(Amended by Stats. 1967, Ch. 829.)
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