California Legal Codes and Statutes

§ 43787

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.

Cite this section

Cal. Gov. Code § 43787 (2026)
https://ca.codecond.com/codes/gov/title-4-government-of-cities/division-4-financial-provisions/chapter-4-bonds/article-4-investment-bond-act-of-1909/section-43787

Other sections in Article 4 - Investment Bond Act of 1909

§ 43760§ 43761§ 43762§ 43763§ 43764§ 43765§ 43766§ 43767§ 43768§ 43769…§ 43788§ 43789§ 43790§ 43791§ 43792§ 43793§ 43794§ 43795§ 43796§ 43797

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.