ARTICLE 7. Investments [12871. - 12875.]

Article 7 enacted by Stats. 1951, Ch. 764.

§§ 12871–12875 · 5 sections

• § 12871 A district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following: (a) Its own bonds, whether issued on…
• § 12872 Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale or by the…
• § 12873 Any bonds, treasury notes, or obligations purchased and held as investments by the district may from time to time be sold and the proceeds reinvested in bonds,…
• § 12874 Sales of any bonds, treasury notes, or obligations purchased and held by the district shall from time to time be made in season so that the proceeds may be…
• § 12875 Notwithstanding any other provision of law, a district which has owned and operated a water distribution or sewage disposal system for at least eight years and…