California Streets and Highways Code

§ 6424

SHC § 6424Div. 7 · Part 5 · Ch. 2

Statute text

The bonds and interest thereon shall be paid at the office of the treasurer, who shall keep a fund designated by the name of the bonds, into which he shall place all sums paid him for the principal of the bonds and the interest thereon, together with all penalties thereon, and from which he shall disburse such sums, upon the presentation of proper coupons. Under no circumstances shall the bonds or the interest thereon be paid out of any other fund.

Legislative history

Added by Stats. 1941, Ch. 79.