The bonds shall bear interest at a rate or rates not to exceed 6 percent per annum payable semiannually, except that interest for the first year shall be payable at the end of the year.
(Added by Stats. 1959, Ch. 1598.)
Harb. & Nav. Code § 7219, under General Obligation Bonds.
Harb. & Nav. Code § 7219
The bonds shall bear interest at a rate or rates not to exceed 6 percent per annum payable semiannually, except that interest for the first year shall be payable at the end of the year.
(Added by Stats. 1959, Ch. 1598.)