Section 37657 Of Article 8. Hospitals Managed By City Legislative Body From California Government Code >> Division 3. >> Title 4. >> Part 2. >> Chapter 5. >> Article 8.
37657
. In receiving a money donation, the city may agree to pay the
donors interest not exceeding 7 percent a year upon the principal
during the lifetime of the donors or the survivor. Such a payment
shall not be made for more than 40 years. The principal of such a
donation shall not be repaid.