California § 10602. 10602. (Amended by Stats. 1975, Ch. 130.)

California Statutes

§ 10602. — 10602. (Amended by Stats. 1975, Ch. 130.)

California § 10602.

Code SHCStreets and Highways Code - SHC

Div. 12.DIVISION 12. THE MUNICIPAL IMPROVEMENT ACT OF 1913

Ch. 7.CHAPTER 7. Improvement Bonds

This text of California § 10602. (10602. (Amended by Stats. 1975, Ch. 130.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Streets and Highways Code - SHC Code § 10602. (2026).

Text

The bonds may be issued and sold as the legislative body directs. The proceeds of the bonds shall be deposited in the fund specified in Section 10424. The notice in the resolution of intention shall recite a maximum rate of interest to be paid on the indebtedness, not to exceed 8 percent a year payable semiannually, which rate shall not be exceeded in the issuance of the bonds. All bonds shall be made payable to bearer.

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The bonds may be issued and sold as the legislative body directs. The proceeds of the bonds shall be deposited in the fund specified in Section 10424. The notice in the resolution of intention shall recite a maximum rate of interest to be paid on the indebtedness, not to exceed 8 percent a year payable semiannually, which rate shall not be exceeded in the issuance of the bonds. All bonds shall be made payable to bearer.

Legislative History

Amended by Stats. 1975, Ch. 130.

Nearby Sections

2

§ 10602.

10602. (Amended by Stats. 1975, Ch. 130.)

§ 10602.5.

10602.5. (Amended by Stats. 1969, Ch. 770.)

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California § 10602., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/10602..