BlackletterCalifornia law

Water Code § 9456

ARTICLE 5. Payment of Principal, Interest and Redemption

Current as of September 28, 2026Wat. Code, § 9456Official source ↗

Added by Stats. 1943, Ch. 369.

Not less than 10 per cent of the aggregate face value of the bonds shall be payable within 10 years from their date, and not less than 9 per cent of the aggregate face value of the bonds issued shall be payable each year beginning with the eleventh year from their date until the whole amount of the bonds has been paid.