Section 27243 Of Chapter 13. Issuance Of District Bonds And Disposition Of Surplus Proceeds From California Streets And Highways Code >> Division 16. >> Part 3. >> Chapter 13.

. Prior to the preparation of definitive bonds the board may issue temporary bonds of any denomination and with or without coupons and subject to the same restrictions imposed upon the issuance of definitive bonds. Temporary bonds shall be exchangeable for definitive bonds upon the issuance of the latter.