Article XI-b.
State Payment of Irrigation and Drainage District Interest
Section 11.
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19301919
19301919
The money arising from the sale of each issue of bonds shall be deposited in the state treasury, to the credit of a special fund to be designated as district interest fund, and ten days prior to the interest due date of each of said districts shall be delivered by the state treasurer to the treasurer of such districts and be used by the treasurer of said district in the payment of interest in accordance with the stipulation of outstanding bonds of said district, interest on which is to be paid by the state under the provisions hereof.