Government Code § 43724
ARTICLE 3. Refunding Indebtedness
The bonds shall be serial bonds, and not less than one-fortieth of the principal and interest on all sums unpaid shall be paid each year.
ARTICLE 3. Refunding Indebtedness
The bonds shall be serial bonds, and not less than one-fortieth of the principal and interest on all sums unpaid shall be paid each year.