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2020 California Code
Water Code - WAT
DIVISION 11 - IRRIGATION DISTRICTS
PART 9 - BONDS
CHAPTER 2 - Refunding Bonds
ARTICLE 4 - Unauthorized Refunding Modification
Section 25116.
Universal Citation: CA Water Code § 25116 (2020)
25116.
If the modification is approved in the manner provided in this article, the district need not issue new refunding bonds and coupons in exchange for outstanding bonds and coupons the terms of which have been modified, but in lieu thereof the district may provide for the indorsement on the outstanding refunding bonds and coupons affected of the terms of the modification or a reference to its terms if contained in an instrument of modification or modified refunding plan, all as provided in the modification.
(Added by Stats. 1943, Ch. 372.)
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