California Statutes
§ 25445. — 25445. (Added by Stats. 1943, Ch. 284.)
California § 25445.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 16.DIVISION 16. HIGHWAY DISTRICTS
Part 1.PART 1. JOINT HIGHWAY DISTRICTS
Ch. 18.CHAPTER 18. Funding Bonds
This text of California § 25445. (25445. (Added by Stats. 1943, Ch. 284.)) 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 § 25445. (2026).
Text
All funding bonds shall be serial in character and approximately an even proportion of the total amount of each issue shall be payable annually. The amount of the principal due in each annual payment need not be exactly the same but with respect to each installment excepting the last may be made to differ not more than five hundred dollars ($500) from the amount obtained by dividing the total of the principal amount due under the bonds, by the number of installments. The last installment shall be for the balance of the total principal amount not provided to be paid in the previous installments.
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Legislative History
Added by Stats. 1943, Ch. 284.
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Bluebook (online)
California § 25445., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/25445..