§ 7219
35 words·~1 min read·
/ca/harbors-and-navigation-code/7219A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall bear interest at a rate or rates not to exceed 6 percent per annum payable semiannually, except that interest for the first year shall be payable at the end of the year.