Section 9400 Of Article 1. In General From California Water Code >> Division 5. >> Part 5. >> Chapter 6. >> Article 1.

. Whenever any of the bonds are sold or delivered by the State Treasurer either to a purchaser thereof or upon an order from the board payable in such bonds, the State Treasurer shall first detach therefrom and cancel all past due interest coupons and deliver the canceled coupons to the board or its secretary.