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DIVISION 18. PARKING 31500-36745›PART 4. PARKING DISTRICT LAW OF 1951 35100-35708›CHAPTER 3. Bonds, Acquisitions and Improvements 35402-35432

§ 35406

California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California

The bonds shall be issued in such denomination or denominations as the legislative body may prescribe and payable on the day fixed in the bonds, with interest at the rate specified in the bonds. The interest rate shall not be in excess of the maximum stated in the resolution of intention and shall be paid semiannually, except the first interest coupon may be for a different period.

(Amended by Stats. 1963, Ch. 736.)

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California Streets and Highways Code

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