California Legal Codes and Statutes

§ 59218

Added by Stats. 1951, Ch. 331.

The resolution shall state:

(a)That it is proposed to issue bonds of the new district.
(b)The maximum amount for which and the character of the proposed new bonds.
(c)The maximum term of the bonds.
(d)The maximum rate of interest to be paid on them, not to exceed 7 percent a year.

Cite this section

Cal. Gov. Code § 59218 (2026)
https://ca.codecond.com/codes/gov/title-6-districts/division-1-general/chapter-5-special-assessment-and-bond-refunding-law-of-1939/article-3-resolution-of-intention/section-59218

Other sections in Article 3 - Resolution of Intention

§ 59210§ 59211§ 59212§ 59213§ 59214§ 59214.5§ 59215§ 59216§ 59217§ 59218§ 59219§ 59220§ 59221§ 59222§ 59223§ 59224§ 59225§ 59226

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.