371 chapters · 7,566 sections in this title.
Pub. Util. Code § 98353 Section 98353
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Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be completed in not more than 40 years from that date. (Added by Stats. 1967, Ch. …
Pub. Util. Code § 98354 Section 98354
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The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued. (Added by Stats. 1967, Ch. 978.)
Pub. Util. Code § 98355 Section 98355
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In lieu of selling refunding bonds and using the proceeds to purchase or retire the bonds to be refunded, the board may exchange refunding bonds at not less than par and accrued interest for the bonds so refunded. (Added by Stats. 1967, Ch. 978.)
Pub. Util. Code § 98356 Section 98356
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Wherever outstanding bonds are refunded they shall be surrendered to the treasurer of the district, who shall cancel them by endorsing on their face the manner in which the refunding was effected, whether by exchange or purchase, and the amount for which so purchased, (if any) an…