The interest rate on the bonds need not be the same during the entire term and different rates may be fixed for one or more interest payments.
Cal. Gov. Code § 43766
Investment Bond Act of 1909
Known as the Investment Bond Act
The act spans §§ 43760–43797 (38 sections).
Added by Stats. 1949, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.