Section 26442 Of Article 2. Revenue Bonds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 15. >> Article 2.
26442
. Bonds shall bear dates prescribed by the board. Bonds may be
serial bonds or sinking fund bonds with such maturities as the board
may determine. No bond by its terms shall mature in more than fifty
(50) years from its own date and in the event any authorized issue is
divided into two or more series or divisions, the maximum maturity
date herein authorized shall be calculated from the date on the face
of each bond separately, irrespective of the fact that different
dates may be prescribed for the bonds of each separate series or
division of any authorized issue.