§ 8060
56 words·~1 min read·
/ca/water-code/8060A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The city council, at the time of fixing the general tax levy, and in the manner provided for the general tax levy, shall levy and collect each year for the term of 40 years, a tax sufficient to pay the annual interest on the bonds and also one-fortieth part of the aggregate amount of the indebtedness.