California Streets and Highways Code 26181 – All bonds shall be payable in lawful money of the United States at …
Current as of: 2024 | Check for updates
|
Other versions
All bonds shall be payable in lawful money of the United States at the office of the county treasurer of the county in which the district is situated, and shall bear interest at a rate not to exceed 8 percent per annum which shall be payable semiannually. Not less than one-thirtieth part of the total issue of bonds shall be payable each year, commencing not more than five years after the date of the bond issue.
(Amended by Stats. 1975, Ch. 130.)
Terms Used In California Streets and Highways Code 26181
- County: includes "city and county. See California Streets and Highways Code 14