ARTICLE 5. Issuance and Sale

Article 5 added by Stats. 1943, Ch. 370.

§§ 11750–11755 · 6 sections

• § 11750 Bonds may be issued and sold from time to time and in such amounts as may be deemed necessary in the judgment of the department to provide sufficient funds for…
• § 11751 Bonds may be sold below the par or face value thereof, but the sale price shall not be less than 94 percent of the par or face value of the bonds, and the sale…
• § 11752 Successive issues of bonds shall have equal preference with respect to the redemption thereof and the payment of interest thereon, but the department may fix…
• § 11753 All bonds issued are negotiable instruments.
• § 11754 All bonds authorized for issuance by the department shall be sold by the Treasurer at public sale by bid or at private sale by negotiation, as directed by the…
• § 11755 The department may borrow money in anticipation of the sale of bonds duly authorized to be issued, but which have not yet been sold and delivered, and for that…