The bonds shall bear interest at a rate or rates not to exceed 6 percent per annum payable semiannually, except that interest for the first year shall be payable at the end of the year.
Cal. Harb. & Nav. Code § 7219
General Obligation Bonds
Known as the Small Craft Harbor District Law
The act spans §§ 7000–7340 (136 sections).
Added by Stats. 1959, Ch. 1598.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.