Section 6350.5 Of Article 2.5. Additional Stockton Port District Bonds From California Harbors And Navigation Code >> Division 8. >> Part 4. >> Chapter 4. >> Article 2.5.
6350.5
. If any officer whose signature or countersignature appears
on the bonds or coupons ceases to be an officer before the delivery
of the bonds to the purchaser, his signature or countersignature is
nevertheless as valid and sufficient for all purposes as if he had
remained in office.
The bonds may be issued and sold by the board for not less than
their par value and accrued interest to date of delivery, at such
time and under such conditions as may be designated by the board.
The proceeds shall be placed in the treasury of the district to
the credit of the proper improvement fund and applied exclusively to
the objects and purposes mentioned in the ordinance.