California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 21. WATER CONSERVATION DISTRICTS |
Part 7. IMPROVEMENT DISTRICTS |
Chapter 1. Improvement Districts for Issuance of Bonds |
ARTICLE 3. Calling of Bond Election |
Section 75031.
Latest version.
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The resolution shall specify all of the following:
(a) The purpose for which bonds are proposed to be issued.
(b) The maximum rate of interest the bonds shall bear.
(c) The number of years, not exceeding 25, the whole or any part of the bonds are to run until maturity.
(Added by Stats. 1965, Ch. 75.)