Statute · California Government Code
Cal. Gov't Code § 43788 — Investment Bond Act of 1909
Cal. Gov't Code § 43788
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The sum to be raised each year and placed in the sinking fund for the payment of the principal shall not be less than an amount obtained by dividing the total principal amount of the bonds issued by the total number of years they are to run.
Citator
Cal. Gov't Code § 43788 — Investment Bond Act of 1909 is in force in the current edition of the Code, and nothing recorded condemns it.
The sum to be raised each year and placed in the sinking fund for the payment of the principal shall not be less than an amount obtained by dividing the total principal amount of the bonds issued by the total number of years they are to run.