Section 19529 Of Article 6. Bonds From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 8. >> Article 6.
19529
. All money levied, when collected, shall be paid into the
county treasury to the credit of the library district, and shall be
used for the payment of principal and interest on the bonds, and for
no other purpose. The principal and interest on the bonds shall be
paid by the county treasurer, upon the warrant of the county auditor,
out of the fund provided therefor. The county auditor shall cancel
and file with the county treasurer the bonds and coupons as rapidly
as they are paid.