Section 5884 Of Article 1. Issuance And Sale From California Harbors And Navigation Code >> Division 8. >> Part 2. >> Chapter 2. >> Article 1.

. Bonds may be issued and sold by the board of supervisors of the county for not less than their par value and accrued interest at the date of delivery, and the proceeds shall be placed in the treasury of the county to the credit of the proper improvement fund, and applied exclusively to the purposes mentioned in the resolution and for which the bonds were voted.