Section 25377 - Limits on obligation of taxable property for joint highway district purposesThe taxable property within any county shall not at any time be obligated for all joint highway district purposes, in any amount in excess of the following limitations:
(a) In counties having a total assessed value of all taxable property therein of one hundred million dollars ($100,000,000) or less, not more than 3 per cent thereof.(b) In counties having a total assessed value of all taxable property therein of more than one hundred million dollars ($100,000,000), not more than 2 per cent thereof.Ca. Sts. and High. Code § 25377
Added by Stats. 1943, Ch. 284.