Harbors and Navigation Code section 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.

Source: Section 5881, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HNC§ionNum=5881.­ (updated Jan. 1, 1937; accessed Sep. 1, 2025).

Up to date

Verified:
Sep. 1, 2025

§ 5881's source at ca​.gov