Section 1002.4 Of Article 3. Provisions Of Resolutions Of Issuance And Supplemental Resolutions From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 3.
1002.4
. A resolution of issuance may provide for the call and
redemption of debentures issued thereunder, upon such terms,
conditions and notice, and upon the payment of such premium, as may
be fixed in said resolution. For any authorized issuance of
debentures, the resolution may provide the department with discretion
to determine the prices, terms and conditions for redemption, and
the amount of premium, if any, not to exceed the maximum amount
authorized in the resolution. No debenture shall be subject to call
or redemption prior to its fixed maturity date unless the right to
exercise such call is expressly stated on the face of the debenture.