§ 13151.9
61 words·~1 min read·
/ca/public-utilities-code/13151-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board may provide for the custody by the district of bonds and coupons, whether pending delivery or after purchase or surrender; for the delivery of bonds and coupons by the district to the purchaser thereof; for the receipt by the district of the proceeds of the sale and for the depositing of such proceeds in the proper fund or funds.