After the street superintendent files his list of unpaid assessments with the treasurer, the principal of each unpaid assessment shall thereafter become due and payable to the treasurer in equal annual payments on each October 15th succeeding the September 1st following the date of the bonds until fully paid. The number of annual payments shall correspond to the number of serial payments to be made on the principal of the bonds issued to represent the unpaid assessment.
Cal. Sts. & High. Code § 6440
Payments on Assessments at Bond
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Amended by Stats. 1959, Ch. 825.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.