Streets and Highways Code § 8654
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The bonds shall bear interest at the rate specified or determined in the proceedings. The bonds maturing in any year shall constitute the annual series of that year and the aggregate principal of the bonds in such series shall equal the annual proportion of the aggregate principal sum of the entire bond issue hereinbefore referred to.
(Amended by Stats. 1985, Ch. 65, Sec. 8. Effective June 6, 1985.)