Section 4789 Of Article 5. Bonds From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 3. >> Article 5.

. The bonds shall be issued in such denomination or denominations as the district board may determine. They shall be payable on the day and at the place fixed in the bonds, and with interest at the rate specified in the bonds, which rate shall not be in excess of 8 percent per annum, and shall, after the first year, be payable semiannually.