Cal. Gov. Code § 50727

Current through the 2023 Legislative Session.
Section 50727 - Clause limiting power to apply proceeds of sale

An indenture may include a clause limiting the power of the board to apply the proceeds of the sale of any issue of bonds for the acquiring, constructing, or completing of any improvement or any part thereof, or more than one of such improvements.

Ca. Gov. Code § 50727

Added by Stats. 1957, Ch. 2066.