Section 43619 Of Article 1. General From California Government Code >> Division 4. >> Title 4. >> Chapter 4. >> Article 1.

. The legislative body shall fix, and designate in the bonds, a time and place for payment of the bonds. Except as provided in Section 43620 of the code, not less than one-fortieth of the principal amount of each issue or series of bonds with interest on all sums unpaid shall be paid every year.