California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 15. RECLAMATION DISTRICTS |
Part 8. BONDS AND REFUNDING BONDS |
Chapter 2. Bonds |
ARTICLE 5. Cancellation |
Section 52284.
Latest version.
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When a portion of any bond issue is canceled, the board shall call the portion of the assessment securing the canceled bonds, in such installment or installments as the said board shall determine, and the amount collected shall be deposited in the county treasury and paid out on warrants of the district in the order of their registration drawn in payment of costs for the payment of which the assessment was levied.
(Added by Stats. 1951, Ch. 336.)