§ 4990
57 words·~1 min read·
/ca/health-and-safety-code/4990A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The number of bonds to be paid each year need not be the same, and the governing body may fix maturities so that the number of bonds retired each year will, in the discretion of the governing body, be most equitable and just; however, all bonds shall be completely paid within forty years from date of issue.