Cal. HNC § 5881
This is the official text of Cal. HNC § 5881, part of California’s Harbors and Navigation Code — regulates ports, harbors, and boating.
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Official statutory 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.
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.
Status: in_force · Read it on the official government site
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