Payment of all or any portion of any assessment taxes levied to pay the principal or interest due, or to become due, on the bonds of any district formed under this title may be made within matured bonds or matured coupons of such district. Such bonds and coupons shall be accepted and treated as cash, and when so received shall be canceled, and the interest and sinking fund of such district shall be credited with the face value thereof.
(Ord. 2277 (part), 1966: prior code § 40.501(n))