Section 13151.5 Of Article 9. Form And Content From California Public Utilities Code >> Division 6. >> Chapter 6.5. >> Article 9.
13151.5
. The board may provide for such bonds being redeemable,
either at the option of the district, or in the operation of any
sinking fund provided for the issue, at such price or prices and in
such manner as the board may determine, whether or not involving the
payment of a premium upon such redemption; provided, that no bond
shall be subject to redemption unless such bond at the time of its
issue states on its face that it is redeemable at the option of the
district or by the operation of a sinking fund for bonds of that
issue, as the case may be.