Sec. 20. The board may issue and sell the bonds of such zones authorized as hereinbefore
provided at not less than par value, and the proceeds of the sale of such bonds shall
be placed in the treasury of the County of San Benito to the credit of said district
and the respective participating zones thereof, for the uses and purposes of the zone,
or zones voting said bonds; and the proper record of such transactions shall be placed
upon the books of said county treasurer, and said respective zone funds shall be applied
exclusively to the purposes and objects mentioned in the ordinance calling such special
bond election as aforesaid, subject to the provisions in this act contained. Payments
from said zone funds shall be made upon demands prepared, presented, allowed and audited
in the same manner as demands upon the funds of the County of San Benito.
(Stats.1953, c. 1598, p. 3293, § 20.)
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