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Section 31425 Of Article 4. Issuance From California Water Code >> Division 12. >> Part 6. >> Chapter 2. >> Article 4.
31425
. If from the bond election returns it appears that more than
two-thirds of the votes cast at the election are in favor of
incurring the indebtedness, the board may, by resolution, at the time
or times it deems proper, provide for the following:
(a) The form of the bonds.
(b) The execution of the bonds. The board may divide the aggregate principal amount of any issue of bonds authorized in accordance with a proposal submitted to and approved by the eligible voters of the district into two or more series and may fix different dates for the bonds of each series. The bonds of any one series may be made payable at different times from those of any other series, provided that the maturity of each series shall comply with this division.
(a) The form of the bonds.
(b) The execution of the bonds. The board may divide the aggregate principal amount of any issue of bonds authorized in accordance with a proposal submitted to and approved by the eligible voters of the district into two or more series and may fix different dates for the bonds of each series. The bonds of any one series may be made payable at different times from those of any other series, provided that the maturity of each series shall comply with this division.
