§ 43722
46 words·~1 min read·
/ca/government-code/43722A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall be issued in denominations of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) each, have not more than 40 years to run, and bear a rate of interest not to exceed 8 percent a year, payable semiannually.