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Earlier editions: 2020-112018-11

DIVISION 8. HARBOR AND PORT DISTRICTS 5800-7340›PART 2. HARBOR IMPROVEMENT DISTRICTS 5800-5956›CHAPTER 2. Bonds 5880-5893›ARTICLE 1. Issuance and Sale 5880-5884

§ 5881

California Harbors and Navigation Code · 2026 edition · updated 2026-10-04 · California

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.

(Enacted by Stats. 1937, Ch. 368.)

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California Harbors and Navigation Code

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