California Harbors and Navigation Code

§ 5881

HNC § 5881Div. 8 · Part 2 · Ch. 2 · Art. 1

Statute text

All bonds issued under this part shall be payable substantially in the following manner: A part to be determined by the board of supervisors, which shall be not less than one-fortieth part of the whole indebtedness, shall be paid each year on a date, and at a place to be fixed by the board of supervisors, and designated in the bonds, together with interest on all sums unpaid at that date.

Legislative history

Enacted by Stats. 1937, Ch. 368.