The interest on the bonds shall be payable annually. Each bond and each coupon shall bear the signature or facsimile printed signature of the chair of the board and of the clerk of the board of supervisors. The county treasurer shall, after reasonable notice, sell the bonds to the highest and best bidder, but not for less than par plus any accrued interest.
Cal. Sts. & High. Code § 1186
By Permanent Road Divisions
Known as the Permanent Road Division Law
The act spans §§ 1160–1197 (49 sections).
Amended by Stats. 2002, Ch. 221, Sec. 123
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.