ARTICLE 4. Exchange of Bonds

Article 4 enacted by Stats. 1939, Ch. 60.

§§ 6680–6683 · 4 sections

• § 6680 After a district organized under the Sanitary District Act of 1891, or Chapter 161, Statutes of 1891, has been reorganized under this part the entire amount of…
• § 6681 The new bonds shall be payable as nearly as practicable at the same time as the installments on the old bonds and in equal amounts. Interest on the new bonds…
• § 6682 The expenses of the exchange shall be borne by the holder of the bonds presented for exchange.
• § 6683 After the exchange the old bonds shall be canceled by punching holes in the signatures, and shall be retained by the county treasurer.