Section 47352 Of Article 3. Sale Of Property From California Water Code >> Division 14. >> Part 9. >> Chapter 8. >> Article 3.
47352
. The sale shall be made for cash, except the treasurer may
receive from any purchaser, at their face value in lieu cash, bonds
of the district or their interest coupons, issued on the assessment
and then matured or to mature within 60 days after the sale. Any bond
or coupon received in payment for property sold by the county
treasurer shall be canceled and filed by the county treasurer in the
office of the treasurer of the district. If the entire amount of the
bond or coupon tendered in payment is not required to complete
payment of the purchase money, the county treasurer shall endorse
thereon as paid the amount of the purchase money credited thereon.