Section 4012 Of Chapter 1. Private Wharves And Piers From California Harbors And Navigation Code >> Division 7. >> Chapter 1.
4012
. The board shall annually fix the rate of tolls or wharfage
for the use of the wharf or chute, to produce an income of not less
than fifteen nor more than twenty-five per cent per annum on the fair
cash value of the wharf or chute, and on the cost of its repair and
maintenance, exclusive of the amount paid for the license required by
this chapter. The value, and the cost of repair and maintenance
shall be fixed by the board when fixing the rates of tolls or
wharfage, by hearing evidence and examining the assessment rolls of
the county. When fixed, the rates shall be furnished the owner, and a
printed or written copy conspicuously posted on the wharf or chute.