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Code · California · Public Resources Code

§ 49173

60 words·~1 min read·/ca/public-resources-code/49173

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All premiums and accrued interest received shall be paid into the fund to be used for the payment of principal of, and interest on, the bonds and the remainder of the proceeds of the sale shall be paid into the construction fund of the district. Proper records of the transactions shall be placed upon the books of the county treasurer.
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