No bonds shall be issued by the district in an amount which will aggregate at any time an obligation in excess of 10 per cent of the assessed value of the aggregate total taxable property within the district as shown by the then current taxation assessment rolls of the several counties within the district.
Cal. Sts. & High. Code § 25376
General Bond Provisions
Known as the Joint Highway District Act
The act spans §§ 25000–25521 (135 sections).
Added by Stats. 1943, Ch. 284.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.