Section 9459 Of Article 5. Payment Of Principal, Interest And Redemption From California Water Code >> Division 5. >> Part 5. >> Chapter 6. >> Article 5.

. Out of the bond fund of the assessment the State Treasurer shall, on presentation at or after its maturity, pay the holder of each bond or interest coupon which has been sold or which has been issued and delivered upon an order of the board payable in bonds as provided in this part.