Government Code § 43787

ARTICLE 4. Investment Bond Act of 1909

Current as of September 28, 2026Gov. Code, § 43787Official source ↗

Added by Stats. 1949, Ch. 79.

If the bonds are made to mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity.