ARTICLE 3. Transfer or Deposit of Bonds

Article 3 added by Stats. 1951, Ch. 391.

§§ 44055–44059 · 5 sections

• § 44055 In case any contract is made with the United States, bonds of the district may be transferred to or deposited with the United States if so provided by the…
• § 44056 The bonds may: (a) Call for the payment of interest not exceeding 6 percent per year. (b) Be of the denomination specified in the contract. (c) Call for the…
• § 44057 The contract with the United States may call for the payment of the amount, or any part thereof, to be paid by the district to the United States at specified…
• § 44058 The board may accept, on behalf of the district, appointment of the district as fiscal agent of the United States or authorization of the district by the…
• § 44059 The board as fiscal agent of the United States may do any and all things required by the federal statutes now or hereafter enacted in connection therewith and…