Section 6939.8 Of Article 4. Additional Sacramento-yolo Port District Bonds From California Harbors And Navigation Code >> Division 8. >> Part 6. >> Chapter 4. >> Article 4.
6939.8
. The bonds may be issued in such denominations as the board
determines, except that no bond shall be of a denomination less than
one hundred dollars ($100) nor of a greater denomination than one
thousand dollars ($1,000).
The bonds shall be payable on the day and at the place or places
fixed in such bonds, with interest at the rate specified in the
bonds, which rate shall not be in excess of 6 percent per annum of
the face amount, payable annually or semiannually.
The board may provide for redemption of any bonds before maturity
at prices and upon terms and conditions determined by it. A bond
shall not be subject to call or redemption prior to maturity unless
it contains a recital on its face to that effect.