Section 36360 Of Article 4. Action To Secure Payment Of Revenue Bonds From California Water Code >> Division 13. >> Part 6. >> Chapter 4. >> Article 4.
36360
. Bondholders owning or holding 25 percent or more of any
outstanding and unpaid issue of revenue bonds may, when payments of
principal or interest, or both, have been in default for not less
than one year, institute proceedings in the superior court of the
principal county to compel the district to fix and collect sufficient
charges for the sale of water for the irrigation of land to pay when
due the principal and interest of revenue bonds.