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Current as of January 01, 2023 | Updated by FindLaw Staff
The legislative body may determine and provide in the resolution for:
(a) The issuance of any bonds or a series in the form of serial bonds or sinking fund bonds with serial or term maturities.
(b) The interest of the bondseither fixed or variable, the rate or rates, payable at the times and in the manner specified therein. Under no conditions may the annual fixed or variable interest rate exceed the maximum rate specified in Section 53531 of the Government Code.
(c) The denomination of the bonds.
(d) The form of the bonds, coupon, registered, or book entry.
(e) The registration and conversion privileges of the bonds.
(f) The manner in which the bonds are to be executed.
(g) The medium and place of payment.
(h) The terms of redemption, with or without a premium.
Cite this article: FindLaw.com - California Code, Government Code - GOV § 54402 - last updated January 01, 2023 | https://codes.findlaw.com/ca/government-code/gov-sect-54402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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