Section 19729 Of Article 5. Bonds From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 9. >> Article 5.
19729
. The bonds shall not bear a greater amount of interest than 6
percent, to be payable annually or semiannually. The bonds shall be
sold in the manner prescribed by the board of supervisors, but for
not less than par, and the proceeds of the sale thereof shall be
deposited in the county treasury to the credit of the building fund
of the library district, and shall be drawn out for the purposes for
which the bonds were issued as other library moneys are drawn out.