Section 9460 Of Article 5. Payment Of Principal, Interest And Redemption From California Water Code >> Division 5. >> Part 5. >> Chapter 6. >> Article 5.

. If any bond or interest coupon has not been presented to the State Treasurer for payment when it becomes due, it shall cease to bear interest, but if presented at or after such time and not paid for want of funds, the State Treasurer shall indorse the bond or coupon, together with the date of presentation.