ARTICLE 3. Issue and Sale

Article 3 enacted by Stats. 1951, Ch. 764.

§§ 13261–13263 · 3 sections

• § 13261 The bonds may be issued and sold for not less than their par value, but otherwise as the board determines.
• § 13262 The proceeds of the bonds shall be placed in the district treasury to the credit of the proper fund, and shall be used exclusively for the objects or purposes…
• § 13263 In lieu of the immediate levy of a tax to pay the interest or any part thereof on any bonded indebtedness incurred in accordance with this division, the board…