§ 50901
58 words·~1 min read·
/ca/water-code/50901A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a district is in debt it has no power to impair or destroy any of its indebtedness without the consent of the creditors, but it may make any arrangement with the creditors for the surrender of such indebtedness at less than par, and may levy an assessment on the lands in the district for the payment thereof.