§ 49168
68 words·~1 min read·
/ca/public-resources-code/49168A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The district board shall prescribe, by resolution, the form of the bonds and interest coupons. The bonds shall be payable at the times and at a place to be fixed by the district board and designated in the bonds, together with interest on all sums unpaid on that date until all of the indebtedness has been paid. The term of the bonds issued shall not exceed 40 years.