Section 24636 Of Article 2. Warrants Payable At Future Times From California Water Code >> Division 11. >> Part 8. >> Chapter 4. >> Article 2.

. All warrants issued pursuant to this article shall be sold by the board in such manner and in such quantities as may be determined by the board in its discretion, but except as otherwise expressly provided in this article, no such warrants shall be sold for less than 95 percent of the par value thereof.