Section 52552 Of Article 3. Sale From California Water Code >> Division 15. >> Part 8. >> Chapter 3. >> Article 3.
52552
. The resolution shall direct the county treasurer to sell the
refunding bonds on a date not less than five days, nor more than 10
days, prior to the April 1st or October 1st prior to the maturity of
the bonds to be refunded, and shall declare whether the refunding
bonds may be sold for less than the face value thereof, plus accrued
interest. In no event shall refunding bonds be sold for less than 90
percent of their face value plus accrued interest.