Section 13930 Of Chapter 9. General Obligation Bonds From California Health And Safety Code >> Division 12. >> Part 2.7. >> Chapter 9.
13930
. The district board shall adopt a resolution prescribing the
form and denomination of the bonds and any coupons. The resolution
shall specify the dates on which all or any part of the principal
shall become due and payable. The payment of the first installment or
principal may be deferred for a maximum period not to exceed five
years from the date on which the district board issues the first
bonds or first bonds in each series.