SECTIONS 52530-52533 - California Statutes

WATER CODE

SECTION 52530-52533

52530. The board, with the consent of the holders of any or all of
the outstanding bonds to be refunded, may direct the county treasurer
to deliver to such holders at any time, in exchange therefor,
refunding bonds issued pursuant to this chapter, having maturities
agreed upon by the board and the holders of the bonds to be refunded.

52531. The aggregate principal amount of the refunding bonds
delivered to bond holders shall not exceed the aggregate principal
amount of the bonds exchanged therefor.

52532. The bonds delivered to the district in exchange for
refunding bonds shall be immediately canceled by the county
treasurer.

52533. The outstanding bonds may be refunded pursuant to this
article with the consent of the holders thereof at any time before or
after their final maturity date.