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§ 5881 — California Law | CourtGPT
  1. Home/
  2. Laws/
  3. California/
  4. Hnc Code/
  5. Division 8 - Harbor and Port Districts/
  6. Part 2 - Harbor Improvement Districts/
  7. Chapter 2 - Bonds/
  8. Article 1 - Issuance and Sale/
  9. § 5881
California Legal Code

§ 5881

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5881. All bonds issued under this part shall be payable substantially in the following manner:A part to be determined by the board of supervisors, which shall be not less than one-fortieth part of the whole indebtedness, shall be paid each year on a date, and at a place to be fixed by the board of supervisors, and designated in the bonds, together with interest on all sums unpaid at that date.(Enacted by Stats. 1937, Ch. 368.)

Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=HNC&division=8.&title=&part=2.&chapter=2.&article=1.· Version 2026