Cal. Sts. & Hy. Code § 10602

Current through the 2023 Legislative Session.
Section 10602 - Issuance and sale of bonds; proceeds

The bonds may be issued and sold as the legislative body directs. The proceeds of the bonds shall be deposited in the fund specified in Section 10424. The notice in the resolution of intention shall recite a maximum rate of interest to be paid on the indebtedness, not to exceed 8 percent a year payable semiannually, which rate shall not be exceeded in the issuance of the bonds. All bonds shall be made payable to bearer.

Ca. Sts. and High. Code § 10602

Amended by Stats. 1975, Ch. 130.