Statute · California Government Code
Cal. Gov't Code § 43787 — Investment Bond Act of 1909
Cal. Gov't Code § 43787
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the bonds are made to mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity.
Citator
Cal. Gov't Code § 43787 — Investment Bond Act of 1909 is in force in the current edition of the Code, and nothing recorded condemns it.
If the bonds are made to mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity.