The certificates shall have annual principal coupons attached to them payable in annual order, the first of which shall be payable not later than June 2, beginning with the fiscal year next following the date of the certificate until all are paid. Each principal coupon shall be for an even annual proportion of the principal of the certificate.
Cal. Sts. & High. Code § 6467.2
Form and Content of Bonds
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Added by Stats. 1969, Ch. 513.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.