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2017 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 8 - FINANCIAL ORGANIZATION
CHAPTER 5 - Provisions Applicable to Bonds and Warrants
ARTICLE 2 - Modification of Bonds and Warrants
Section 24769.
Universal Citation: CA Water Code § 24769 (2017)
24769.
If the agreement or plan provides for a reduction in the rate of interest on the bonds or warrants before the original time or times of their maturity, new coupons shall be attached to the bonds or warrants to evidence the reduced interest. Any old coupons evidencing the interest originally provided shall be detached by the secretary from the bonds or warrants and canceled.
(Added by Stats. 1943, Ch. 372.)
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