§ 25376
54 words·~1 min read·
/ca/streets-and-highways-code/25376A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent of the assessed value of the aggregate total taxable property within the district as shown by the then current taxation assessment rolls of the several counties within the district.