Article 1. District Bonds of California Harbors And Navigation Code >> Division 8. >> Part 6. >> Chapter 4. >> Article 1.
Any district organized pursuant to this part may create a
bonded debt pursuant to the provisions of Article 1 (commencing with
Section 43600) of Chapter 4 of Division 4, Title 4 of the Government
Bonds may be issued for the purpose of raising money for use in
carrying out any of the powers and purposes of the district.
Any bonds issued by any district pursuant to this part are
legal investments for all trust funds, and for the funds of all
insurers, banks, both commercial and savings, and trust companies,
and for the State school funds, and whenever any money or funds may,
by law now or hereafter enacted, be invested in bonds of cities,
counties, school districts or municipalities in this State, such
money or funds may be invested in bonds of a district.