There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 15. RECLAMATION DISTRICTS [50000 - 53901]
ARTICLE 3. Additional Series
Section 52240
CA Water Code § 52240 (through 2012 Leg Sess) What's This?
When any district, having authorized the issuance of a series of bonds, issues an additional series based on another assessment, the dates of maturity of the additional series shall be such that the latest maturities thereof do not exceed 30 years, and the earliest maturity shall be later than the latest maturity of bonds of any earlier series.
(Added by Stats. 1951, Ch. 336.)
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