ARTICLE 3. Issue and Sale [50245. - 50247.]

Article 3 added by Stats. 1963, Ch. 839.

§§ 50245–50247 · 3 sections

• § 50245 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…
• § 50246 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…
• § 50247 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…