Section 1003.14 Of Article 4. Appropriation, Security, Sale, And Funds From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 4.
1003.14
. Debentures authorized under any resolution of issuance
approved by the Veterans' Debenture Finance Committee shall be sold
by the State Treasurer upon the written request of the department at
public or private sale, as determined by the department with the
approval of the Veterans' Debenture Finance Committee, and at those
times and in those amounts that the department deems necessary to
provide sufficient funds for the purposes for which the debentures
are then authorized. Successive issues of debentures within the
limits of the authorization for the issuance of debentures, if any of
those limitations are included in the proceedings for the issuance
of the debentures, shall be equally and regularly secured without
preference, priority or distinction as to security or otherwise by
reason of time of issue, or sale, except as debentures of various
series may differ with respect to dates, numbers, interest rates,
maturity, redemption provisions, sinking fund provisions, or
otherwise as authorized in any resolution of issuance.