ARTICLE 3. Issue and Sale [40245. - 40246.]

Article 3 added by Stats. 1965, Ch. 1899.

§§ 40245–40246 · 2 sections

• § 40245 The bonds may be issued and sold for not less than their par value, but otherwise as the board determines. Before selling any bonds, or any part thereof, the…
• § 40246 All premiums and accrued interest received on the sale of bonds shall be placed in the fund to be used for the payment of principal of and interest on the…