Wat. Code, § 45408 · Chapter 3. Bond Issuance

Wat. Code, § 45408

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

The bonds of any series of an authorized issue shall be equally and ratably secured with the bonds of any other series of such authorized issue.

Notes and commentary — not statutory text

History

Added by Stats. 1967, Ch. 829.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT&sectionNum=45408.
Text hash: sha256 e52c8d07a97f3bb90ad54cfc612cb0780f9c13b7f31c28bae260be3c73c6f369
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.