§ 25301
56 words·~1 min read·
/ca/water-code/25301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Callable bonds may be redeemed in addition to other methods permitted in the following manner:
(a)In numerical order or by lot as prescribed in the resolution.
(b)On any interest payment date prior to their fixed maturity.
(c)At not exceeding their par value and accrued interest or on the terms provided in the resolution.