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Article 1. Form of California Water Code >> Division 15. >> Part 8. >> Chapter 1. >> Article 1.
The term bonds, as used in this chapter, includes bonds and
refunding bonds, unless otherwise provided.
Bonds shall be of the denomination of not less than one
hundred dollars ($100) nor more than one thousand dollars ($1,000)
each.
Bonds shall be signed by the president and attested by the
county auditor of the principal county.
Bonds shall be numbered consecutively in the order of their
maturity.
Bonds shall bear interest at a rate not to exceed 8 percent
per year, payable on the first day of January and the first day of
July in each year at the office of the county treasurer upon the
presentation of the proper coupons therefor.
Coupons for each installment of interest shall be attached
to the bonds and shall bear the facsimile signature of the county
auditor of the principal county.
The principal of bonds shall be made payable on the first
day of July, or the first day of January in such years as the board
prescribes.
