{"code":"HNC","codeName":"Harbors and Navigation Code","section":"5881","citation":"Harb. & Nav. Code, § 5881","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. HARBOR AND PORT DISTRICTS [5800. - 7340.]","url":"https://blackletter.si/harbors-and-navigation-code/division-8"},{"name":"PART 2. HARBOR IMPROVEMENT DISTRICTS [5800. - 5956.]","url":"https://blackletter.si/harbors-and-navigation-code/division-8/part-2"},{"name":"CHAPTER 2. Bonds [5880. - 5893.]","url":"https://blackletter.si/harbors-and-navigation-code/division-8/part-2/chapter-2"},{"name":"ARTICLE 1. Issuance and Sale [5880. - 5884.]","url":"https://blackletter.si/harbors-and-navigation-code/division-8/part-2/chapter-2/article-1"}],"history":"Enacted by Stats. 1937, Ch. 368.","effective":null,"html":"<p>All bonds issued under this part shall be payable substantially in the following manner:</p><p>A part to be determined by the board of supervisors, which shall be not less than one-fortieth part of the whole indebtedness, shall be paid each year on a date, and at a place to be fixed by the board of supervisors, and designated in the bonds, together with interest on all sums unpaid at that date.</p>","text":"All bonds issued under this part shall be payable substantially in the following manner: A part to be determined by the board of supervisors, which shall be not less than one-fortieth part of the whole indebtedness, shall be paid each year on a date, and at a place to be fixed by the board of supervisors, and designated in the bonds, together with interest on all sums unpaid at that date.","otherVersions":[],"url":"https://blackletter.si/harbors-and-navigation-code/issuance-and-sale-5881","source":"California Legislative Information bulk export (pubinfo)"}