Section 24769 Of Article 2. Modification Of Bonds And Warrants From California Water Code >> Division 11. >> Part 8. >> Chapter 5. >> Article 2.
24769
. If the agreement or plan provides for a reduction in the
rate of interest on the bonds or warrants before the original time or
times of their maturity, new coupons shall be attached to the bonds
or warrants to evidence the reduced interest. Any old coupons
evidencing the interest originally provided shall be detached by the
secretary from the bonds or warrants and canceled.