Section 1002.1 Of Article 3. Provisions Of Resolutions Of Issuance And Supplemental Resolutions From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 3.
1002.1
. A resolution of issuance may provide for the issuance of
debentures in one or more series and for the aggregate principal
amount of any series thereof. Any series of debentures may consist of
serial debentures or of term debentures with sinking fund
requirements or partially of serial debentures and partially of term
debentures with sinking fund requirements. For any authorized
issuance of debentures, the resolution may provide the department
with the discretion to determine the number of series to be issued,
the aggregate principal amount of each series, the designation of
debentures within any such series as serial or term debentures, and
the mandatory sinking account payments for term debentures, if any,
subject to the aggregate principal amount of debentures authorized in
the resolution.