51460-51463
WATER CODE
SECTION 51460-51463
51460. If there are unpaid matured warrants, other than warrants payable from operation and maintenance assessment levies, on January 1st in any year, the board shall call and collect such portion of the principal and interest of any available outstanding unbonded assessment, other than an operation and maintenance assessment, as is necessary to pay such warrants and any other warrants, other than operation and maintenance warrants, which shall mature within 90 days after January 1st. 51461. When, on the first day of January in any year there are outstanding unpaid matured warrants of the district, other than warrants payable from operation and maintenance assessment levies, and there is no available outstanding unbonded assessment, the board shall proceed at once to have an assessment levied in the manner provided in Article 1 of this chapter. 51462. The board shall call and collect the assessment in the manner provided in this part in the amount necessary to pay the warrants. 51463. Nothing in this article shall prevent the board from making other arrangements with holders of district warrants.