California Statutes
§ 37657. — 37657. (Added by Stats. 1949, Ch. 79.)
California·Code GOV Government Code - GOV·Div. 3.·Title 4. DIVISION 3. OFFICERS·Part 2. PART 2. LEGISLATIVE BODY·Ch. 5. CHAPTER 5. City Property·Art. 8. ARTICLE 8. Hospitals Managed by City Legislative Body
In receiving a money donation, the city may agree to pay the donors interest not exceeding 7 percent a year upon the principal during the lifetime of the donors or the survivor. Such a payment shall not be made for more than 40 years. The principal of such a donation shall not be repaid.
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California § 37657. (37657. (Added by Stats. 1949, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1949, Ch. 79.