State Codes and Statutes
Statutes > California > Wat > 36190-36202WATER CODE
SECTION 36190-36202
36190. General obligation bonds shall be in such form as may be prescribed by the board. 36191. General obligation bonds shall be payable in lawful money of the United States. 36192. Each issue or series of an issue of general obligation bonds shall be numbered consecutively, and the bonds of each issue or series of an issue shall be numbered consecutively from lower to higher as they mature and bear such date as may be prescribed by the board. 36193. General obligation bonds shall be signed by the president and attested by the secretary. 36194. General obligation bonds shall be of such denomination or denominations as the board may prescribe. 36195. General obligation bonds shall be payable at such time or times and place or places as may be designated by the board, but in no case shall the maturity of any bond be more than 40 years from its date. 36196. Each general obligation bond shall be made payable at a given time for its full face value and not for a percentage thereof. 36197. A general obligation bond shall be payable when due upon presentation and surrender thereof to the treasurer by the holder. 36198. General obligation bonds shall bear interest at a rate not in excess of 8 percent per annum payable annually or semiannually as may be prescribed by the board. 36199. The interest on general obligation bonds shall be payable at such place or places as may be prescribed by the board upon the presentation and surrender of the proper coupons. 36200. The interest coupons shall be in such form as may be prescribed by the board. 36201. Coupons for each installment of interest shall be attached to the bonds, numbered the same as the bonds, and signed by the secretary. 36202. All the signatures on the bond or coupons may be printed, lithographed or otherwise mechanically reproduced, except that one of the signatures on the bond shall be manually affixed.
