§ 8654
56 words·~1 min read·
/ca/streets-and-highways-code/8654A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds shall bear interest at the rate specified or determined in the proceedings. The bonds maturing in any year shall constitute the annual series of that year and the aggregate principal of the bonds in such series shall equal the annual proportion of the aggregate principal sum of the entire bond issue hereinbefore referred to.