Section 59218 Of Article 3. Resolution Of Intention From California Government Code >> Division 1. >> Title 6. >> Chapter 5. >> Article 3.
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. The resolution shall state:
(a) That it is proposed to issue bonds of the new district.
(b) The maximum amount for which and the character of the proposed
new bonds.
(c) The maximum term of the bonds.
(d) The maximum rate of interest to be paid on them, not to exceed
7 percent a year.