§ 33137
82 words·~1 min read·
/ca/streets-and-highways-code/33137A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds issued under this part may be serial or sinking fund bonds. A bond by its terms shall not mature more than forty
(40)years from its own date. If any authorized issue is divided into two or more series or divisions, the maximum maturity date shall be calculated from the date on the face of each bond separately, irrespective of the fact that different dates may be prescribed for the bonds of each separate series or division of any authorized issue.